BASEL: According to TechSci Research report, “Switzerland Tire Market Forecast & Opportunities, 2021”, tire market in Switzerland is forecast to grow at a CAGR of more than 6% during 2016 – 2021 on account of expanding automotive fleet, especially of the passenger car segment in the country. In 2015, the country’s tire market was majorly dominated by the passenger car tire segment, followed by two wheeler and commercial vehicle tire segments. Key reason for continuously rising sales of passenger cars in the country can be attributed to high per capita disposable income. Anticipated increase in small, medium & heavy commercial vehicles is also expected to boost tire sales in the country over the next five years.
IMF forecasts slower growth, higher inflation for Pakistan
ISLAMABAD: The International Monetary Fund has projected slower economic growth and higher inflation for Pakistan, highlighting the need for continued...
