New Market Study Published: Australia Food & Drink Report Q1 2013
We expect households to cut back and increase saving during the first half of 2013. As declining house prices increase the pressure on households to cut back on expenditures, companies' profits are likely to see similar declines. In turn, we expect the headline unemployment rate to increase. A prolonged housing price correction will largely dictate consumption trends over the coming quarters, forcing consumers to rein in their spending on higher-value items. The heightened cautious spending mood among local consumers is...
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