Market Report, "Slovakia Food & Drink Report Q3 2012", Published
Factors such as elevated unemployment - which is expected to hit 14% by the end of the year - and slowing average wage growth will continue to diminish opportunities for discretionary spending. In the meantime, food and non-alcoholic beverages inflation continues to climb, making for a challenging consumer spending environment. We thus continue to expect little improvement in this regard, especially given the need for fiscal prudency.
View full press release