New Report Available: Consumer Appliances in Greece
2013 was another year of deep recession for the Greek economy. Booming unemployment rates, slashed wages and pensions and rising taxation along with lack of credit, further reduced disposable income for the vast majority of Greek consumers. In this context, Greeks are drastically cutting down on all types of expenditure, especially with regard to non-essential purchases, and will not replace their appliances if they still work. In addition, Greek consumers have become especially price-sensitive...
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