Iran Food & Drink Q1 2021
Food and non-alcoholic drinks spending will witness slower growth in 2021 owing to high base effects from top priorityspending in 2020 amid Covid-19 restrictions. We hold a positive outlook on the Iranian food and drink sector over the medium termin line with improving macroeconomic forecasts. However, we continue to caution tepid consumer purchasing power post-Covid-19 stemming from persistent inflationary pressures.
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