Egypt Food & Drink Q1 2020
The improving macroeconomic outlook and easing inflationary pressures will support food and drink spending growthover the medium term. We note the Egyptian consumers will remain price sensitive, as a result essential food items which fall in thefood subsidy programme will continue to account for a large proportion of food spending. Beer will continue to dominate alcoholicdrinks spending while soft drinks will be a growth outperformer in the non-alcoholic drinks category.
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