We believe Colombia?s economy will continue to expand at a robust rate over the coming years, driven byan improving consumer story and strong investment into the country?s hydrocarbons and infrastructuresectors. We anticipate gradual improvements in private consumption over the coming years, followingslower household spending growth in 2012, on account of household deleveraging cycle, the impact ofwhich we now believe to be fading. All those factors bode well for the development of the country?s foodand beverages markets, especially in regards to premium segments, and as income disparities lessen.Headline Industry Data (in local currency)?? 2013 per capita food c...
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