Tunisia Food & Drink Q4 2019
Despite weak real GDP growth in Tunisia - which we believe will continue into 2020 - the country's food and drinkindustry will experience healthy rates of growth in local currency terms across our forecast period to 2023. Tunisia's large andincreasingly urban population, healthy tourism sector, falling inflation rate and rising disposable incomes support our favourableview for the sector. The development of a modern retailing infrastructure, including new mass grocery retail outlets, is making themarket more accessible, although basic staples will continue to account for the majority of household spending over the mediumterm.
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