Recession Worsens Restaurant Outlook

The recession is taking another bite out of the restaurant industry. Citing worsening economic conditions and increasing job losses, foodservice consultancy Technomic recently revised its nominal growth forecast for the U.S. foodservice industry down to negative 2.2% for the coming year. According to a report issued with the forecast, Technomic is expecting 2009 to be the worst year for the

CHICAGO — The recession is taking another bite out of the restaurant industry.

Citing worsening economic conditions and increasing job losses, foodservice consultancy Technomic recently revised its nominal growth forecast for the U.S. foodservice industry down to negative 2.2% for the coming year. According to a report issued with the forecast, Technomic is expecting 2009 to be the worst year for the foodservice industry since the firm began tracking performance in 1972.

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