New Market Study Published: Serbia Consumer Electronics Report Q3 2012
BMI View: We project Serbian consumer electronics spending will grow by about 5% in US dollar terms in 2012 to US$1.2bn, with the macroeconomic headwinds originating from the eurozone having put a brake on faster growth for now. Serbia is one of the poorest markets in Central and Eastern Europe, and stubbornly high unemployment will constrain household spending in the short term, while elevated inflation will impinge on real purchasing power. However, underlying economic growth, rising disposable income and the...
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