Restaurant Sales Slowdown Signals US Recession
Featuring Paul Westra
Published on: December 6th, 2016 • Duration: 33 minutes • Asset Class: Equities • Topic: Recession, Micro, US EconomyRestaurant analyst Paul Westra has been covering the sector for 20 years and has opened two New York City eateries in that time. With underlying restaurant sales seen as a lead indicator for an overall recession, Paul thinks the 2016 data is more scary than in 2000 or 2007. Elucidating current trends in the restaurant business, Paul outlines the pitfalls associated with investing $1 million plus in a new venture, as well as the chains best placed to shine in the current environment.