Supermarket operator on shopping list
Article Abstract:
Analysts are advising Asian investors to consider purchasing stock of Dairy Farm International Holdings Ltd. since the regional economic crisis is expected to improve supermarket sales. The company has recovered from its failing operations in Australia with net profits estimated between $38 million and $21 million. Financial advisors say that the food retailing sector actually does better during recessions since people will tend to save and eat at home more.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Global recession is forecast
Article Abstract:
Morgan Stanley chief economist Stephen Roach says that worldwide economic growth will slow to 2.4% in 2001, which Roach terms a recession. Growth in Asia will be 5%, down from an earlier prediction of 5.4%, mainly due to reduced exports to the US. Roach says that Chinese estimates of 8% economic growth may be conservative. Roach blames Japan for not taking steps to stimulate its economy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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