Serbia Retail Report Q1 2015 - New Study Released
The Serbian economy struggles to sustain a healthy growth rate as it is set to contract by 2.5% in 2015 on the back of falling exports and decreasing household spending. The outlook for the retail sector is equally negative for the first half of BMI's forecast period: strict cuts on government's spending in 2015 will result in falling total household spending in 2015-2016 posing threats for the growth of retailers' sales. Population will decline slightly, and unemployment will remain high;...
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