THE consumer sector, especially the food and beverage (F&B) sub-sector, is anticipated to show single-digit growth for 2003 in line with the projected gross domestic product (GDP) growth for the year even though the health and growth of the consumer sector is really dependent on a whole host of factors, ranging from world commodity prices to local consumer spending habits.
Although the Prime Minister has now quoted a lower GDP growth of between 4% to 5%, for this year, compared with an earlier projection of between 6% and 6.5% during the tabling of Budget 2003 in Sep- tember, economists said the revised figure was closer to their own projections of the country’s growth.
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