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Therefore, taking into account how rolled out the food and drink and overall consumer sector is in the Czech Republic, Links of London the fact that, with a population of .mn, dynamic longterm growth is likely to be lacking, economic conditions that augment premiumisation namely a healthy economy and labour market, combining to supply momentum to retail sales will be necessary to reinstate a level of buoyancy back into the consumer sector. Although annual real private Maturing consumption growth of . Czech Republic Per Capita Food Consumption in the boom years between Historical Data Forecasts and is unlikely Links of LondoN Classic Oval Bangle make a comeback, the outlook for consumer spending should begin to pick up in , with real private consumption of yoy forecast following average growth of . between and . However, it will probably take a number of years for the buoyancy in spending of the pre era to return. External Demand Risk f forecast. Source Czech Statistical Office, Czech National Bank, While the outlook for spending is expected to pick up in , an anticipated cooling in external demand could bite into the recovery of the consumer sector and wider economy, with private consumption not ready to take on the growth baton Links of LondoN Classic Smiley MinX Charm exports and manufacturing. The ongoing implementation of fiscal austerity measures could also affect any recovery in the labour market and, as a result, the unemployment rate. The Czech government is set to pursue fiscal austerity in order to rein in the nation’s budgetary overspend. This policy action is likely to depress private consumption growth due to the expected negative effect on government payrolls with unemployment likely to remain relatively high. Food Food Consumption Food consumption Food Consumption forecast annual average growth to of Per capita forecast food consumption average annual Links of London D Charm to of The Czech Republic’s position food, drink, tobacco. ef estimateforecast. Source Czech Statistical Office, Czech National Bank, as one of Central Europe’s most developed economies is reflected in our headline food forecasts with fairly modest annual food consumption growth is forecast to .