Israel and Thailand Retail Report Q4 2016; New Report Launched
We maintain our positive outlook for Israel's retail sector and forecast total household spending to grow by 4.6% in 2016. Elevated domestic and regional security threats, while continuing to suppress tourism receipts, look unlikely to have any significant negative impact on our forecast strong growth in consumer spending. While the balance of household spending between essentials and non-essentials will have changed very little in 2016, strong growth in spending on non-essentials categories like restaurant & hotels indicates that consumer confidence...
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