New Market Study Published: United Arab Emirates Food & Drink Report Q3 2012
Our outlook on the UAE's food and drink sector is positive, as consumer confidence appears to be returning. We expect growth of the core economy to gradually tick higher over the coming quarters, with elevated oil prices and improved consumer and business sentiment underpinning a steady expansion in real GDP. Following estimated real GDP growth of 3.3% in 2011, our current forecast is for 3.5% growth in 2012. The outlook for household consumption has also picked up in recent months,...
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