New Market Study Published: Germany Food & Drink Report Q4 2013
Slower export growth, a symptom of weaker demand from Asia (particularly China), is being compensated for by a strengthening consumer story in Germany. We remain slightly above consensus on German real GDP growth in 2013 and 2014, as we expect economic activity to show further signs of recovery in H213 into next year. Even though we are forecasting stronger private consumption, this does not necessarily translate into strong headline growth, and we do not expect real GDP to exceed the...
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