Economic improvement brings optimism to the out-of-home food sector

Economic indicators for the first 60 days of 2023 bring optimism to the away-from-home food sector. The growth of the Gross Domestic Product – GDP and the drop in interest rates in countries that suffered from inflation indicate that consumption should grow in the second half of this year.

In the analysis of the Bulletin FoodCo. this week, economist João Ricardo Tonin scores some of the indices that make the projections for 2023 more optimistic than expected. According to him, the good performance of the agricultural sector and the 0.8% increase in the Brazilian GDP should increase household consumption levels this year.

In Tonin’s analysis, the high levels of debt are still a concern, but there is a forecast for a drop in interest rates, which should result in greater demand in the food sector outside the home.

Despite the optimism for the food sector outside the home, the economist at FoodCo. suggests that entrepreneurs keep control over revenues and costs and avoid waste. “It is also crucial to update employee training so that the company is prepared for the increase in movement, which should occur in the second half”, he advises.

The FoodCo. with the complete and audio analysis of the economist João Ricardo Tonin is an exclusive weekly content for the platform’s subscribers. FoodCo. is the largest community of bar and restaurant owners in Brazil. There are more than 13,000 entrepreneurs in the sector gathered in a network of knowledge and networking, with access to essential content for those who undertake food outside the home.