Serbia Retail Report Q1 2015 - New Study Released

Boston, MA -- (ReleaseWire) -- 01/30/2015 -- The Serbian economy struggles to sustain a healthy growth rate as it is set to contract by 2.5% in 2015 on the back of falling exports and decreasing household spending. The outlook for the retail sector is equally negative for the first half of BMI's forecast period: strict cuts on government's spending in 2015 will result in falling total household spending in 2015-2016 posing threats for the growth of retailers' sales. Population will decline slightly, and unemployment will remain high; however, this will not prevent the consistent rise of household income and steady growth of the middle class.