Brazil, Chile and Uganda Food and Drink Report Q2 2016; New Report Launched
Brazil's recession will deepen over 2016 leading to rising unemployment and a reduction in real wages, resulting in our weak outlook for consumption. Brazil's manufacturing sector for consumer goods cannot support domestic demand, making the country reliant on imports. As the currency continues to weaken, import costs will rise and spur food inflation. Premium categories will be the hardest hit as consumers cut down discretionary spending.
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