Blog: How would a US recession affect the BRIC markets?
Dean Best | 13 February 2008
Unilever’s Indian venture unveiled a set of robust numbers for 2007 today (13 February), amid much talk about how a downturn in the US could stunt growth in the world’s emerging markets.
There has been a lot of debate on whether markets like Brazil, Russia, India and China will continue to enjoy the rapid growth seen in recent years when the global economy is awaiting the impacts of recession in the US.
A key plank in Unilever’s growth strategy is expansion in emerging markets. Last week, Unilever boss Patrick Cescau said growth in 2008 may not match previous years but he remained upbeat.
"We expect the emerging markets to come a bit off their peak in 2008," he said. However, he added: "The economic fundamentals of those markets are good."
That view was echoed by Harish Manwani, president of Unilever's business in Asia and Africa, who said the company would continue to see strong demand in the region's developing markets. "Domestic demand is robust," Manwani said.
"People are converting into branded goods and uptrading because of money and you are still seeing people coming into the economy, even though there is price inflation."
Amid significant pressure on profits from its Splenda sucralose business, UK-based food ingredients group Tate & Lyle has this morning (21 April) announced plans to try to "maximise returns"....
Four campaign groups in the US have urged the country's Food and Drug Administration to close a "loophole" in regulations on food additives and bring the rules - due to be finalised by August next yea...
The Cargill meat processing facility in Hazleton, Pa., has become the company's first certified landfill-free production site. ...
- Nomad's post-Iglo opportunities
- Comment: Nestle reacts to world of 3G and Buffett
- Focus: Can Arla jump-start UK flavoured milk?
- What the analysts say: Nestle's Q1
- Why it is too early to call Unilever food revival
- Kerry Group launches Meateors meat snacks
- UPDATE: Iglo Foods sold to Nomad for EUR2.6bn
- Arla to launch protein dairy drink in UK
- Pork Farms' Kerry pastry deal nears green light
- McCormick to move roles to Poland