US: Wine Demand Outstripping Supply
US: Wine Demand Outstripping Supply
Jan 25, 2012 6
(Wines&Vines) - While the great debt load of nations including the United States positions the global economy in a dangerous phase, experts at the Unified Wine & Grape Symposium said today that wine industry indicators are remarkably positive. Mike Veseth, founder of the Wine Economist blog, set the stage for the State of the Industry session by sketching out the major global economic variables. Veseth, who teaches economics at the University of Puget Sound, and has authored several books on wine and economics, said he sees 2012 as a period of slowing growth for the U.S. and other global economies.
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