Turkey Food & Drink Q2 2018
The Turkish economy is showing clear signs of overheating and we expect a broad-based economic slowdown in2018-2019. This will negatively affect growth in food and drink industry, which we forecast to decelerate over the next few years.Structurally high inflation, elevated interest rates and currency weakness will further erode household purchasing power. On a morepositive note, recovering tourist arrivals and ongoing formalisation of the mass grocery retail market will provide some supportto food and drink sales.
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