Wednesday, 22 May 2013

Greece Food and Drink Report Q3 2013

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Greece Food and Drink Report Q3 2013
May 22nd 2013, 00:00

While the Greek economy may stage a tentative export-led recovery in 2013, we stress that the economic,political and social damage wrought by the financial crisis will leave an indelible mark on the consumer.Indeed, the destruction of stock market equity, falling wages and stark unemployment lead us to expect verylittle scope for a drastic improvement in consumer spending, especially as the younger populationincreasingly leaves the country in search of jobs abroad.Headline Industry Data (local currency)? 2013 per capita food consumption = -2.51%; forecast to 2017 = +0.62%.? 2013 alcoholic drink value sales = -3.56%; forecast to 2017 = +0.57%.? 2013 soft drin...

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