"Canada Food & Drink Report Q3 2012" Now Available at Fast Market Research
Economic growth is likely to slow in Canada in 2012, as overstretched households retrench their spending, added to weakening global conditions. We are therefore forecasting real GDP growth of 2.0% in 2012 and 2.3% in 2013. Our core view is that households will continue to restrain expenditure amid stretched balance sheets, and while income growth remains subdued. Reflecting these factors, several consumer sentiment indicators certainly suggest a slowdown in consumer activity as 2012 progresses.
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