One thing consumers worldwide can agree on: beer. kern.justin
As the companies that we once believed to be bedrocks of the American economy go into bankruptcy, there's an industry that's actually seeing continued growth in this economy: beer. Since the recession hit, Americans are drinking more of it.
Reuters reports that MillerCoors, the second-largest brewer in the U.S., predicts the American beer market will continue to grow, albeit by a smaller amount than in previous years. The brewer expects to see a 0.6 percent growth in 2009-2012, down slightly from the 0.9 percent growth the industry saw in 2004-2008.
That pattern is looking pretty consistent around the world. Canadians have seen one of their worst quarters ever, but consoled themselves with beer and hockey. British pubs saw a 2.8 percent increase in beer sales in April. And an Australian brewer has launched a buck-a-sip beer that they expect to sell out of within a week.
Bucking the trend, however, is Romania, where beer sales are down 12.3 percent this quarter.
categories: Fun With Economics