Market Report, "Ireland Food & Drink Report Q2 2013", Published
While we expect the Irish economy to return to growth in 2013, we caution that the country's economic growth story remains gloomy, and we forecast 0.4% real GDP growth in 2013, and 1.4% growth in 2014. As high unemployment and falling disposable incomes will prevent consumers from significantly driving GDP growth over the next few quarters, we forecast private consumption to grow by only 0.5% in 2013. This will continue to have negative implications for consumer spending on food and...
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