New Market Research Report: Consumer Foodservice in Spain
In 2012, the Spanish economy slipped backwards into recession with a 1% decline in GDP on the previous year. 2011 had seen a recovery so the performance in 2012 was a blow for Spain. The poor economic situation, which has its worst consequences in the high level of unemployment - close to 26% of the Spanish population, according to public sources - has dragged the performance of consumer foodservice down, with sales recording negative current value growth in 2012.
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