New Market Study, "Australia Food & Drink Report Q4 2013", Has Been Published
Recently released economic data suggest that the slowdown in economic activity in Australia is becoming increasingly evident. We maintain our outlook for real GDP growth to come in at 2.1% in 2013. We believe the job market will remain in a dire shape, while households will continue to struggle. This will weigh on private consumption, in turn negatively affecting food and drink consumption growth. Retail sales also will very likely remain subdued. Even if economic conditions take a turn for...
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