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.

Supermarkets and Other Grocery (except Convenience) Stores, Grocery stores, Supermarkets, Economic aspects, Food industry, Securities, Dairy Farm International Holdings Ltd.

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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.

China, World, Production & Business Activity, Forecasts and trends, Economic development

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