The Pulse Of '06 Onsite Foodservice

"Surprisingly resilient." That's how U.S. Chamber of Commerce Chief Economist Martin Regalia described the U.S. economy in his 2006 economic forecast in December, and it seems an apt read of the country's—and the foodservice industry's—overall business conditions. Despite dramatic increases in the cost of oil and natural gas, dislocations caused by hurricanes Katrina and Wilma and the dampening effect of 13 interest rate increases over 18 months, 2005 gave the country—and the foodservice industry—a solid year of expansion for the fifth straight year. The economy grew at a healthy 3.6 percent clip (Fig. 3) and forecasters expect ...

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