2014-02-04 06:02:02 - Hungary Food and Drink Report Q3 2013 - a new market research report on companiesandmarkets.com
Hungary´s recession will continue throughout 2013, and we are forecasting the country´s GDP to contract by 0.3%, followed by anaemic growth in 2014. The government´s erratic policy decisions and punitive corporate tax rates will continue to deter fixed investment, while private consumption overall will also decline in the course of the year. We expect consumers to remain variable regarding their discretionary spending.
Headline Industry Data (local currency)
- 2013 per capita food consumption: +2.43%; forecast compound annual growth rate to 2017: +4.04%.
- 2013 alcoholic drinks value sales: +4.53%; forecast compound annual growth rate to 2017: +3.92%.
- 2013 soft drinks value sales: +2.09%; forecast compound annual growth rate to 2017: +3.88%.
- 2013 mass grocery retail sales: +4.00%; forecast compound annual growth rate to
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