"Hungary Food & Drink Report Q1 2013" Now Available at Fast Market Research
We envisage another full-year of contraction for household consumption in 2012 - to the tune of 2.3% - which would mark the fifth year of real decline in the past six years. The outlook is based on deteriorating economic confidence (owing to both domestic and external weaknesses), a private sector that remains burdened by high debt, tight fiscal policy and weak domestic credit extension. Consequently, we retain our cautious outlook for the performance of the country's food and drink markets.
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