Results tagged “recession” from Wine

By Robert Farmer

You see the term "recession proof" tossed around a lot these days. Yet increasingly things that have been deemed to be so are turning out to be anything but. And so it was with great curiosity that I saw an item recently proclaiming select French wines to be valiantly resisting the downward economic trend. According to the global wine search website Wine Searcher.com, French wine has remained in high demand during this downward spiral into the financial abyss. Based on the data collected by the world's largest and most widely used wine search engine, shows that houses like Lafite, Margaux, and Dom Perignon remain in hot demand across the globe.

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.

By Courtney Cochran

With our nation now fully entrenched in a recession, no one can deny the ripple effects of the economic downturn coursing through our lives and those of friends, colleagues and family.  And, though we'd all like to imagine the wine industry impervious to the nation's economic ills, the fact is that wine country, too, is feeling the effects of the crisis.  Fortunately, it's not all bad news when it comes to financial affairs and wine.  

By Courtney Cochran

With the Dow marching steadily south, unemployment on the up and deflation dangerously near, it's easy to feel there's little source for cheer these days.  Still, if there's anything a trying economic clime coupled with an already frigid winter welcomes, it's uncorking a wine worth brooding over.  Read on for a list of our top picks for wines with which to weather the current season - whether your portfolio is up, down, or you just can't bear to look.  No matter what, we've got you covered.