Spain Consumer Spending Outlook Blighted By Weak Recovery, But Long-Term Opportunities Remain

In the years leading up to the global financial crisis, the Spanish food and drink sector was among the most dynamic in Western Europe, with rising affluence meaning that producers and retailers enjoyed a period of rapid growth. However, the Spanish economy has been hit hard by the global economic downturn and the bursting of the country's property bubble. Spain had one of the worst performances by a major developed economy in 2009, with a GDP contraction of

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