Market Report, "Australia Food & Drink Report Q3 2013", Published
We do not believe the Australian government's efforts to lift the economy will be sufficient to compensate for the dire state of the job market and highly leveraged households. As a result, we expect growth in private consumption to slow from an estimated 3.0% in 2012 to 1.2% in 2013, close to the lows recorded in 2009. This is likely to leave our food and drink sales growth forecasts relatively subdued in the medium term. Even if economic conditions take...
View full press release