Europe

Main Retail Markets in Western Europe Q3 - 2011

Q3 - 2011

Main Retail Markets in Western Europe Q3 - 2011


After a promising first quarter, with quite high GDP growth recorded in the Eurozone, the economic outlook has recently become gloomier. Indeed, a slowdown in economic activity was already initiated in Q2 2011. Whilst consumer spending remains resilient in some core European economies, additional fiscal austerity measures announced in many European countries recently are likely to impact significantly on retail sales going forward. For instance, Italy and Spain demonstrate the lowest retail sales forecasts in both 2011 and 2012.






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Author(s): several

Source: BNP Paribas Real Estate

Published: 01.11.2011