Just Released: "Slovakia Food & Drink Report Q2 2014"
Though household consumption has recovered slightly over recent quarters, we remain fairly cautious in relation to Slovakia's near-term discretionary spending in the food and drink sector. We forecast unemployment to fall to 12.5% in 2014, the first time the rate has fallen below 14% since 2010. We expect the recovery in household spending to gain traction, and hold our forecast for private consumption growth in 2014 at 2.0%. This implies a significant 1 percentage point contribution to headline growth, which...
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