EM Beer Spill Rattles Analyst

EM Beer Spill Rattles Analyst

Colombia

A slump in EM beer drinking, including a reported Colombian drought, is the most disturbing sign of global recession, according to BMO Capital Markets analyst Andy Busch, who notes an “inhibition to imbibing.” The analyst refers to a Wall Street Journal report citing InBev and Carlsberg’s decline in Q3 Russia beer unit volume. The story notes that SABMiller, which has a heavy presence in developing markets, is this week expected to report slow growth in some markets when it reports earnings. It

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