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Map of the Month - April Retail turnover in Europe, 2012 This month's map from GfK GeoMarketing shows the 2012 prognosis for stationary retail turnover in Europe, as compared to the 2011 values (data source: "GfK Retail Turnover 2012" / GfK GeoMarketing). In the 32 European countries reviewed, retailers generated a 2011 retail turnover of approximately €2.96 trillion (EU-27 = €2.3 trillion). GfK GeoMarketing anticipates a nominal retail turnover growth of approximately +1.4 percent in 2012. It is expected that the countries affected by the structuring and austerity measures - Greece, Ireland, Portugal, Spain, Italian and Hungary - will be impacted by the repercussions of the debt crisis; at -15 percent, Greece is anticipated to be hit hardest. With regard to the large economies and retail markets, turnover growth of approximately 1-2 percent is predicted for France and Germany. Growth of +2.7 percent is even forecasted for the UK. About the study
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About GfK GeoMarketing
GfK GeoMarketing is a subsidiary of the globally active GfK Group. One of the world's leading market research institutes, the GfK is represented in more than 100 countries by over 11,000 employees.
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