New Market Research Report: Croatia Food & Drink Report Q3 2013
We expect the already embattled Croatian consumer to continue to suffer in 2013 on the back of a challenging labour market situation and government-imposed austerity measures. Factors underpinning our view include double-digit unemployment (which reached a record high 21.9% in February 2013) and weak wage growth. With the household debt load currently standing at about 60% of GDP, we expect further household deleveraging. In the meantime, weak domestic demand and easing food price pressure will act as the main drivers...
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