date:Aug 07, 2012
owth in Western Europe has more than offset the weakness in the US so far, but if Europe decelerates to very low single digits or flat growth and/or the US deteriorates even further (to -4%), the worst case scenario is Nestl growing even below 4%, he added.
He warned that he expectedconsiderable drop off in organic growthfrom the second to the fourth quarters of Nestls financial year, from 7.5% in 2011 to 5% to 5.5%.
Nestlwas unable tocomment about Wood's claims, as the company was in a closed