Market Report, "Serbia Food & Drink Report Q2 2014", Published
We have recently adjusted down our forecast for private consumption and investment growth for 2014 in Serbia as disappointing Q213 results showed a recovery is taking longer than we expected. Domestic demand is still struggling as the deleveraging of the household sector impedes private consumption, which is further hampered by record high unemployment. Weak credit growth continues to weigh on private spending. This will likely weigh on future food consumption, as indicated in our forecast figures.
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