New Market Report: Italy Food & Drink Report Q1 2013
We have revised our real GDP forecast for Italy down from -2.1% to -2.3% in 2012 and from 0.1% to 0.0% in 2013 as the result of new austerity measures implemented by the government. In this context, the prognosis for Italian consumers remains relatively grim, as we forecast that private consumption will contract by 2.3% in 2012, significantly worse than the 1.6% contraction in 2009. We also expect private consumption to fall by a further 0.1% in 2013 as Italian...
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