Recovery in the food and drink sector, which started in 2016, will gather pace over the comingyear as Croatian economy returns to growth. However, sales increases will be modest - at least in the shortterm - as consumers remain price conscious amidst high unemployment and low wages.
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Food sales (in local currency terms) will gradually accelerate across our forecast 2017-2021 period,resulting in a five-year compound annual growth rate (CAGR) of 4.0%. This will mark a significantimprovement compared to the previous five year period, when total food sales averaged just 0.1% perannum.