Industry - Global Industry Forecasts - Food, beverages & other consumer goods

Industry - Global Industry Forecasts - Food, beverages & other consumer goods

We forecast global value-added output of food beverages & other consumer goods will grow only 1.1% in 2023. Depsite an expected moderation in consumer prices over 2023, low consumer confidence and tight monetray policy conditions will discourage consumer spending, especially on non-essential goods such as textiles, leather & clothing.