Deciphering the Economic Downturn
Gavin P. Smith – Griffin Report
It has been a rocky time in the markets, both in the U.S. and around the globe. No industry can escape the affects of the current credit freeze and financial failures. The climate is dicey, and major industry leaders are taking bold adaptive measures to head off what may be a pending global recession.
New research by Nielsen shows 85 percent of U.S. consumers believe the country is in a recession and almost 70 percent of them believe the next 12 months are either a “bad” or “not so good” time to buy things they want or need. This has a major impact on supermarket, food service, c-store and petroleum verticals.