Friday, 20 September 2013

United Arab Emirates Food and Drink Report Q4 2013

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United Arab Emirates Food and Drink Report Q4 2013
Sep 18th 2013, 00:00

Price: $ 1295  

BMI View: The outlook for the UAE in 2013 and beyond remains promising. Our baseline scenario sees real GDP expanding by 3.2% and 3.8% in 2013 and 2014 respectively, a slight slowdown from growth of 4.1% recorded in 2012. Most of this growth will be driven by the non-oil economy which is showing increasing signs of promise in several leading indicators. Consumer and business sentiment towards the UAE has improved significantly since the start of the year, with real estate and equity markets showing the most notable signs of improvement. Headline Industry Data ? In 2013, we expect total food consumption to increase by 5.3% in local currency terms. Over our fiveyear forecast period to 2017, we expect total food consumption to increase at a compound annual rate of 6.2%. ? Soft drink ...

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