European Retail Forecasts to 2014 - June 2009

Towards the end of 2008, the economic situation in Europe worsened considerably as a result of the global financial crisis. Following the collapse of Lehman Brothers in October 2008, governments across Europe intervened to prevent the financial services sector from undergoing a complete meltdown. However, the crisis has now spread to the real economy and countries across Europe are having to deal with housing market corrections, a sharp fall in global demand and rising unemployment.

Although interest rates were slashed dramatically across Europe following the financial crisis, this was not sufficient to prevent the European economy from entering its worst recession in the post-war era. Export driven economies, such as Germany and Italy, have suffered due to falling global demand. Other countries, such as Spain and Ireland, had already been in trouble due to a property market correction and are now having to deal with a dramatic drop in consumer spending.

This report includes Mintel’s forecasts for the 29 leading economies in Europe.

Mintel (Thailand) Company Limited

T-ONE Building 20th Floor,
8 Sukhumvit 40 Road,
Phra Khanong, Klong Toey,
Bangkok, 10110, Thailand
helpdesk@mintel.com +66 (0)2 821 5122

Mintel Group Ltd.

Urban HQ - Eagle Star House
5-7 Upper Queen StreetBelfast BT1 6FB
Northern Ireland
helpdesk@mintel.com +44 (0) 28 90 450 850

Mintel Group Ltd.

333 West Wacker Drive
Suite 1100
Chicago,
IL 60606
helpdesk@mintel.com +1 (312) 932 0400

Mintel Germany GmbH

Kesselstraße 5-7,
40221 Düsseldorf,
Germany
helpdesk@mintel.com +49 (0) 211 8199 5144

Mintel Group Ltd.

Mintel House,
4 Playhouse Yard,
London, UK
EC4V 5EX
helpdesk@mintel.com +44 (0) 20 7606 4533

Mintel Consulting (Malaysia) Sdn. Bhd

100.3.023, 129 Offices,
Block J, Jaya One,
No. 72A Jalan Universiti,
46200 Petaling Jaya,
Selangor Darul Ehsan,
Malaysia
helpdesk@mintel.com +60 3 7890 2515