Mexico Food & Drink Report Q3 2014 - New Market Study Published
We expect household spending in Mexico to pick up in the coming quarters, as unemployment declines and consumers gradually adapt to new taxes that took effect on January 1. We forecast real private consumption growth to accelerate to 3.1% in 2014, up from 2.5% in 2013. Although the recently introduced tax on sugary drinks and the tax hike on junk food is likely to have a negative impact on the food and drink sector in Mexico in the short term,...
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