Brazil Food and Drink Report Q4 2013

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Brazil Food and Drink Report Q4 2013 Aug 21st 2013, 00:00 Price: $ 1295   We have revised down our 2013 real GDP growth forecast for Brazil to 2.6%, from 3.3% previously, as economic activity data remains weak, interest rates are set to continue heading higher, and our Infrastructure team increasingly believes that numerous projects are unlikely to be completed in advance of the end of the government's PAC II growth acceleration programme and the FIFA World Cup in 2014. Our core view for relatively weak private consumption remains in play. High household debt levels and weaker purchasing power (exaggerated by the recent collapse in the currency) is likely to constrain private consumption growth considerably over the coming quarters. With real private consumption growth expanding by just 2.1% year-on-year (y-o-y) in Q113, and continued headwinds in the form of high ... Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/268310.html

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