During the review period, Egyptian retailing saw a pronounced decline in constant value terms, with strong current value growth thus driven by inflation. Consumers faced high price increases in many areas and experienced declining disposable income levels as a result. Consequently, many consumers sought to cut back on their retailing expenditure where possible. This situation was exacerbated by widespread poverty in Egypt, with the World Bank estimating that one in five Egyptians cannot meet
Aug 2011
|
$1,900|
Add to cart
|
View details ›