BMI View: The Hungarian consumer electronics market is forecast to achieve only moderate growth in 2013 in US Dollar terms, as spending remains constrained by the weak economic environment. The Hungarian consumer faces yet another tough year, as fiscal austerity, tighter credit conditions, weakening confidence, a still-large overhang of debt and elevated unemployment levels all pose major challenges to households. However, there should be a few growth areas such as tablets, ultrabooks and smartphones. Even with these growth sub-segments of the market, overall the outlook is mixed as tablets are cannibalising sales of higher priced notebooks, while smartphone sales are …
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