New Market Report: Croatia Consumer Electronics Report Q1 2014
Croatian spending on consumer electronics has been constrained in 2012 and 2013 as the economic recovery remains sluggish. Recently released data from the Croatian Bureau of Statistics showed that retail sales declined by 0.4% year-on-year (y-o-y) in October, from a 0.5% y-o-y contraction the previous month, supporting our view that a significant recovery in private consumption remains some way off. Although we expect domestic demand to recover gradually over the long term, as the country's modest economic recovery begins translating...
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