Are Alcoholic Beverages Recession And Inflation Resistant?
Assortment of hard strong alcoholic drinks and spirits in glasses on bar counter getty Growing concerns about the threat of an impending recession ...
Assortment of hard strong alcoholic drinks and spirits in glasses on bar counter getty Growing concerns about the threat of an impending recession have led to questions about whether beer and spirits consumption would be resilient during an economic downturn. Further, do these companies have pricing power in the face of rising inflation? According to an analysis by Goldman Sachs, beer and spirits volumes in the U.S. have shown little correlation with economic growth. The general trend of per capita consumption of alcoholic beverages seems to have a more significant impact on volumes than the economy.