New Zealand Food & Drink Q2 2020
The short-term outlook for New Zealand's food and drink market remains broadly positive, though we do note somepotential headwinds. On the positive side, high average income levels and a modern grocery retail network create an attractivepotential consumer base in the country and spending is spread across a diverse range of sectors. New Zealand is also home to anactive agricultural sector, including one of the world's largest dairy export sectors. Though spending is expected to rise in the shortterm, we highlight risks stemming from New Zealand's exposure to an economic downturn in China in the wake of the Covid-19(coronavirus) outbreak.
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