Market Report, "Australia Food & Drink Report Q4 2012", Published
We continue to expect households to cut back and increase saving, and maintain our 2012 forecast for consumption growth to come in at 1.8%, far below the economy's long term average of 3.3%. As declining house prices increase the pressure on households to cut back on their expenditures, company profits are likely to see similar declines. In turn, we expect the headline unemployment rate to soar, erasing the recent slight improvements in the unemployment rate recorded in Q112. Moreover, the...
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