Food & Drink: Core Views

BMI's expectations for food and drink (F&D) industry growth in the short term are in keeping with our global macro views: weak US and eurozone growth and a post-stimulus cooling of the Chinese economy will prevent a robust demand recovery. Fiscal austerity further darkens the picture for discretionary spending - the impact of this is likely to be felt over more than just the short term. As we flagged in early 2010, economic and industry data might have hinted at signs of a recovery, but this is not THE recovery; employment and consumer confidence remain too weak and this has

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