Croatia Food and Drink Report - Business Monitor International - Industry Reports

Croatia Food and Drink Report

Croatia Food and Drink Report - Business Monitor International - Industry Reports
Croatia Food and Drink Report
Published Aug 06, 2016
72 pages — Published Aug 06, 2016
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Abstract:

Despite modest improvements in economic conditions since last quarter, Croatia will remain among the EU s worst performing economies in ----, with a return to positive real GDP growth rates mainly reflective of improving external conditions. Severe competiveness issues will continue restricting growth amidst sluggish structural reform momentum. ...Nonetheless, this represents a stabilisation rather than a full-blown recovery, and Croatia s consumer outlook remains weak over our forecast period. Private consumption will remain the main component of GDP in the years ahead, accounting for just under -- of GDP, which is sub-optimal given the structural issues facing Croatia (emigration, high unemployment, greying population). A huge destruction of wealth during the financial crisis and a lack of employment opportunities will underpin a trend of further emigration in the years ahead. ...A huge destruction of wealth during the financial crisis and a lack of employment opportunities will underpin a trend of further emigration in the years ahead.

...� Business Monitor International Ltd Page -- consumption perspective, tourism will remain a bright spot, on the back of rising tourist arrivals in recent years. While at best, lower rates of inflation will boost real incomes over the short-term, driving a modest uptick in consumer confidence, we remain sceptical that the recovery in private consumption will be robust. ...� Business Monitor International Ltd Page -- consumption perspective, tourism will remain a bright spot, on the back of rising tourist arrivals in recent years. While at best, lower rates of inflation will boost real incomes over the short-term, driving a modest uptick in consumer confidence, we remain sceptical that the recovery in private consumption will be robust. Unemployment remains high, wage growth is sluggish and households have made limited progress on deleveraging. ...Unemployment remains high, wage growth is sluggish and households have made limited progress on deleveraging. Any significant improvements to the country s long-term growth potential will also require measures that further depress consumer spending, such as by lowering the minimum wage and loosening labour laws.

...We forecast headline household spending to return to positive territory in ----, although we caution that growth will remain low throughout our forecast period to ----. Our long-term consumer outlook is also negatively affected by negative long-term demographic dynamics, including emigration and an aging population. ...

  
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Document ID
1749-2653
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Croatia Food and Drink Report" Aug 06, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Food-and-Drink-Report-2026-197>
  
APA:
Business Monitor International - Industry Reports. (2016). Croatia Food and Drink Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Food-and-Drink-Report-2026-197>
  
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