Do or Die – Retail Imperatives for Globalization Personalization and Localization
US GDP GREW BY 1.4% IN 2Q16, BELOW EXPECTATIONS
- The US GDP annualized growth rate was 1.4% in 2Q16, following lackluster growth of 0.8% in 1Q16 and 0.9% in 4Q15.
- Downward revisions to growth in prior periods were in government spending, inventories and net exports.
• US food prices have fallen,
impacting revenues in all grocery
• Declining US exports have pushed
down domestic prices of fresh-food
categories such as beef and poultry,
while a surplus has depressed dairy
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