Results tagged “economy” from Wine

By Courtney Cochran

According to a study just released by The International Wine & Spirit Record, demand for wine is projected to grow roughly 6 percent to 2.8 billion cases between 2008 and 2012, a figure close to in synch with pre-recession trends.  Global production is also predicted to grow over the same period to an estimated 3 billion cases annually, an increase of approximately 3.83 percent over earlier levels.  The findings support a long-held belief that wine is more or less "recession-proof" - meaning that drinkers continue to enjoy the beverage even when spending power is down.