We do not believe the Australian government''s efforts to lift the economy will be sufficient to compensatefor the dire state of the job market and highly leveraged households. As a result, we expect growth inprivate consumption to slow from an estimated 3.0% in 2012 to 1.2% in 2013, close to the lows recorded in2009. This is likely to leave our food and drink sales growth forecasts relatively subdued in the mediumterm. Even if economic conditions take a turn for the better, the shift of consumption habits towards privatelabels in Australia is likely to remain firmly entrenched over the coming years as a growing number ofconsumers acknowledge private labels as a very ...
No comments:
Post a Comment