Market Report, "Slovenia Food & Drink Report Q3 2012", published
On account of unfavourable domestic and external conditions, we do not envisage a pick-up in Slovenia's levels of consumer confidence in the course of 2012. Ongoing deleveraging at the household and corporate level and stubbornly high unemployment (expected to rise to 12.9% by the end of 2012) mean operating conditions for many food and drink companies are still very challenging, with higher-end sectors finding things particularly tough. We have also recently downgraded Slovenia's 2012 real GDP growth forecast, expecting the...
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