During 2015, Turkey’s economy faced several challenges. On the political scene, the country went through two elections in 2015, bring to four the number of elections over the last two years. After talks to form a coalition government fell through following the June 7 general election, the country returned to the polls on November 1.
EUROPE’S QUALITATIVE WINE PRODUCTION MODEL IS RESISTING COMPETITION, WHILE SPAIN IS MORE VULNERABLE
• Wine consumption is declining in Europe but rising in the rest of the world
• By 2027, demand will be led by China and the United States
• 60% of wine production and nearly two-thirds of exports emanate from Europe
• Three production models coexist in Europe
• Risks and opportunities for Europe – wine consumption growing in China but increased competition from the new world producers
In a context of low worldwide growth, sectoral dynamics are mixed. Amongst the 14 business sectors monitored in three main regions of the world (Western Europe, North America and emerging Asia), three were downgraded during the third quarter of 2015: metallurgy in Europe, retailing in North America and textiles-clothing in emerging Asia.