Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the… [Read more]
Among various sectors my colleagues and I look at, I think a strong argument could be made for Turkey’s mass grocery retail (MGR) industry to be considered as emerging Europe’s most promising over the long term, ahead of Poland and possibly Russia too. Looking at its long-term economic outlook (GDP per capita is expected to… [Read more]
The health of the world economy has picked up considerably in 2010 with BMI forecasting global GDP growth of 3.2% (driven largely by emerging markets). However, rather than force through positive consumer spending momentum, I see 2010 proving to be another difficult year, with developed market consumer confidence remaining weak. At the real economy level,… [Read more]
