Slovakia Food & Drink Report Q2 2013 - New Market Report
We continue to hold the view that 2013 will largely be characterised by elevated unemployment (which hit a nine-year high at the end of 2012, reaching almost 15%), sluggish exports (dragged down by eurozone problems) and rushed legislative measures, which may further erode Slovakia’s competitiveness as a manufacturing location. Although inflation is expected to average no more than 3% over the year, consumers’ sights are already firmly set on low-cost and, increasingly, private-label items.
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