Now Available: Consumer Foodservice in Argentina
GDP growth in Argentina fell strongly from 8.8% in 2012 to 2.1% in 2012 according to the latest World Bank estimations. While double-digit inflation eroded the purchasing power of middle-income groups and limited consumer foodservice expenditure, at the same time operating costs have become a major issue due to the rise in labour and rent costs, which are putting a serious strain on the profitability of independent restaurants, cafes and bars/pubs.
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