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February 2014
Which Wineries Did Best During the Recession?
by Douglas Jordan, Sandra K. Newton and Armand Gilinsky, Jr.
The financial crisis in 2008 was the catalyst for a worldwide economic downturn that resulted in an 18-month-long recession in the United States. Every sector of the economy was affected, including the wine industry. However, as with the broader economy, not all segments of the wine industry were equally affected by the recession. In the broader economy, the financial and housing sectors suffered the largest declines during the recession, while the utilities and consumer staples sectors were not...
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