Recently Released Market Study: United States Food & Drink Report Q3 2013
We have downgraded our US real GDP growth forecast for 2013 to 2.1% from 2.3%, owing mainly to base effects from late 2012 and the decision to maintain the 'sequester' cuts to federal spending. Our core view on the US economy is that the recovery is becoming increasingly entrenched, and that by 2014, many of the headwinds to growth will be dissipating. Our forecast for improving yet below-trend consumption is predicated upon several factors. The increase in payroll tax beginning...
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