While the growth prospects for consumer demand remain healthy in emerging markets, the fundamentals in developed markets continue to be weak. Consumer sentiment in Europe continues to suffer and this has been going on for a while. Disposable incomes are being squeezed and households are reining in their budgets, spending less and making whatever they have go farther.In the US where economic indicators perhaps are more mixed, we still see 45 million people claiming benefits via food stamps. Despite these challenging market conditions, which we expect will continue, we are in a good position as Unilever. Our brands cater for the everyday needs of billions of consumers. We have iconic brands that consumers trust and that offer outstanding value for money with great innovations. This is why we are confident that we will continue over time to outperform our markets.
Unilever Management Discusses Q1 2012 Results - Earnings Call Transcript
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