Recently Released Market Study: Australia Food & Drink Report Q2 2013
The dour outlook for employment forms the backbone of our downbeat growth forecast for private consumption and imports in Australia, as we expect households to cut back amid negligible disposable income growth. Thus, we are forecasting a slowdown in private consumption growth and expect import growth to record a contraction in 2013. This contraction in imports will, in turn, allow Australia's current account to return to surplus in 2014 and begin the process of reducing the external indebtedness that has...
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