NZ ECONOMY SLOWDOWN – MAYBE
FT654
COCA-COLA
LAUNCHES NEW
ENERGY DRINK TO
TAP VIETNAMESE
MARKET
Coca-Cola has rolled out a new
energy drink– Coca-Cola Energy– in
Vietnam as part of the company’s
larger focus to evolve into a
complete beverage company and
offer the Vietnamese consumers a
wide range of drinks to cater the
different lifestyles and occasions,
says GlobalData, a leading data and
analytics company.
According to GlobalData’s 2018 Q4
Consumer Survey, around 41% of
Asia-Pacific (APAC) consumers prefer
to experiment with new kind of soft
drinks and around 40% of them are
willing to pay more for better quality
soft drinks.
International and domestic factors are contributing
to a slowing economy, according to the latest
BusinessNZ Planning Forecast.
The BusinessNZ Planning Forecast for the
September 2019 quarter shows the New Zealand
economy growing at a slower rate than previously
forecast, and slowing indicators in key sectors.
BusinessNZ chief executive Kirk Hope says
international tensions, protectionist trade policies
and financial market volatility are harming global and
domestic growth.
“However, international commodity prices are
holding up well and global demand for New Zealand
protein is still solid.”
Mr Hope says regulatory change and uncertainty
were among the factors causing low business
confidence.
The BusinessNZ Economic Conditions Index sits at
5 for the September 2019 quarter, the same as the
previous quarter.
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