Electrical Goods Retailing - France - May 2012
Eurostat estimates France saw real-terms GDP growth of 1.7% in 2011, although this is expected to slow considerably, to 0.4% in 2012. Previous French government forecasts had been around 1.75% for 2012, indicating the impact of the eurozone crisis.
Further pressure was placed on the government in January 2012 when Standard and Poor, the ratings agency, downgraded France’s credit rating from the highest AAA to AA+. Nevertheless, the government remains upbeat about its prospects for seeing out the worst of the crisis and is keen to cut its public deficit from 7.1% of GDP in 2010 to 4.6% in 2012. Further austerity measures were introduced in the second half of 2011, aimed at saving €18.6 billion over the next two years.
This report series covers the 19 leading economies of Europe. In total these countries account for around 95% of all European retail sales, excluding Russia. The remaining ten countries are either too small (eg Luxembourg) or are not sufficiently well developed to warrant detailed coverage (eg Romania and Bulgaria). Many of the developing countries plus Russia and Turkey are covered in Mintel’s annual European Retail Handbook, as well as the Mintel report, Retailing in Emerging Markets – Europe, June 2011.
This data in its entirety is contained in the single copy 19-country report, which gives a full overview of electrical goods retailing in Europe. Single country reports are also available for the UK, France, Germany, Spain and Italy.
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