Industry - Global Industry Forecasts - Food, beverages & other consumer goods
Global output for food, beverages and other consumer goods will make a recovery after a weak 2023 due to the downward momentum in inflation and an uplift in consumer confidence. Much of the strength will be in the US where consumer demand for goods is gaining traction again while in China central government is signalling plans to increase consumer demand in 2024 to help dig the economy out of a hole. Global risks such as tensions in the Middle East continue to impact shipping costs and could make the disinflation path more bumpy, harming the recovery in the sector.
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