Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: We maintain our view that a liquidity crisis, rising inflation and high unemployment levels will
provide headwinds to growth in the Egyptian auto's industry in 2016, leading to a contraction of 23.6% in
- Worsening currency conditions will see market sales decline again in 2016.
- A lack of improvement in private consumption fundamentals will lead to reduced demand for new
passenger vehicles while.
- Government commitment to infrastructure development will see the commercial vehicles relatively
outperform the overall autos market.
- Foreign currency shortages will continue to hamper local manufacturing.