Greece Agribusiness Q1 2020
The recent softening of economic growth in Greece has weighed on the country's agribusiness sector; however, wecontinue to hold a moderately positive view across the four markets we track - grains, dairy, livestock and sugar. Within this, ourforecasts for production and consumption growth remain in positive territory for our five-year forecast period, with the exception offor beef output, which is expected to grow at a faster average annual rate than demand in the majority of markets through to 2023.Over the long term, we expect stronger average economic growth in Poland as the government reforms boost investment,supporting our net positive forecasts against the growing downside risks to our views. We point to the threat of African swine feverspreading in the livestock market and further consolidation in the EU dairy industry as two headwinds which will weigh on growth.
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