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

Slovakia Food and Drink Report

Slovakia Food and Drink Report - Business Monitor International - Industry Reports
Slovakia Food and Drink Report
Published Oct 08, 2016
78 pages — Published Oct 08, 2016
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Abstract:

� Business Monitor International Ltd Page -- trends which will be supported in ---- by an -.- hike to the minimum wage and a reduction in social contributions paid by workers from lower income brackets. Meanwhile, we expect inflationary pressures to remain subdued even after price growth returns to positive territory in H---. ...We see primarily downside risks to our growth forecasts due to lingering political risks within the eurozone. The ongoing Greek crisis is the biggest near-term risk, but a strong showing by the far-left protest party Podemos in Spain in late ---- could spark a new wave of breakup fears and weigh heavily on business and investor confidence across the region. Meanwhile, a further escalation of the Russia-Ukraine crisis remains an ever-present risk to sentiment and regional trade volumes. ...The ongoing Greek crisis is the biggest near-term risk, but a strong showing by the far-left protest party Podemos in Spain in late ---- could spark a new wave of breakup fears and weigh heavily on business and investor confidence across the region. Meanwhile, a further escalation of the Russia-Ukraine crisis remains an ever-present risk to sentiment and regional trade volumes.

...Despite softening economic activity in developed eurozone states in ----, real GDP growth in Slovakia gathered pace on the back of a strengthening recovery in domestic demand. With the worst of the eurozone downturn now behind us and several tailwinds supporting a brighter outlook for regional growth and external demand in ----, we believe this trend can continue in the coming quarters. ...Slovakia s consumer price index (CPI) was in contraction for much of ----, and falling oil prices meant that inflation stayed lower for longer into ----. In contrast to some developed eurozone states, where falling prices and economic stagnation imply that deflation expectations could become entrenched and act as a major drag on growth potential, we see few risks of this pattern emerging in Slovakia. Instead, we forecast private consumption to be the biggest contributor to growth in the coming years, adding -.- and -.- percentage points (pp) to headline GDP in ---- and ---- respectively. ...Although structural unemployment remains high and will remain elevated relative to regional peers, the labour market has improved in recent quarters and joblessness is at its lowest level since ----. Falling inflation has supported disposable incomes and contributed to a rapid acceleration of real wage growth,

...BMI View: We hold a bright outlook for Slovakia s food and drink industry over our forecast period up to ----, on the back of employment gains, real wage growth and low inflation. Although increasing disposable incomes will support discretionary spending, price-consciousness will constrain growth in this segment. ...

  
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Document ID
1749-2955
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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. "Slovakia Food and Drink Report" Oct 08, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Food-and-Drink-Report-2026-208>
  
APA:
Business Monitor International - Industry Reports. (2016). Slovakia Food and Drink Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Food-and-Drink-Report-2026-208>
  
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