Denmark Consumer Sector Offers Limited Growth Opportunities For Food And Drink

The Danish economy was hit relatively hard by the global economic downturn, with real GDP contracting by 4.7% in 2009. This is partly due to the country's close links with Germany, which was also a particularly poor performer in 2009 due to its reliance on international exports. This had an impact on food sales, with food retail sales on an inflation adjusted basis falling in 2008 and 2009 following six years of steady growth (see first chart). That said, the defensive nature of the industry meant that sales fell less quickly than in the wider retail sector (see second

To read the full article, please choose one of the following options: