Singapore Food & Drink Report Q4 2013 - New Market Report
The Singaporean consumer outlook remains steady given low unemployment and stable private consumption. That said, following years of impressive growth, with real GDP growth averaging 6% over the last five years, 2012's near-recessionary 1.3% growth indicates the pressure being placed on the country. Despite these challenges, the Singapore consumer remains confident, with positive spill-over effects on the food and drink industry.
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