Recently released market study: Australia Food & Drink Report Q3 2012
We expect a poorer performance from the Australian economy in 2012, and are downgrading our growth forecast to 0.8% on the back of lower domestic demand and weaker offsetting factors. Although 2011 has been a relatively smooth sailing year, our view of a hard landing in China and a collapse in the domestic housing bubble mean that there will be very few supporting factors for the Australian economy in 2012.
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