Serbia Consumer Electronics Report Q1 2013 - New Market Report
BMI View: We project Serbian consumer electronics spending will grow by about 6% in US dollar terms in 2012 to US$1.2bn, with macroeconomic headwinds originating from the eurozone having put a brake on faster growth for now. Serbia is one of the poorest markets in Central and Eastern Europe, and stubbornly high unemployment will constrain household spending in the short term, while elevated inflation will impinge on real purchasing power. Retail sales bear out this grim picture: following several months...
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