February 1, 2022 — Inflation is expected to be a major issue impacting the food industry this year, but will hurt the seafood sector less than others, according to executives at Santa Monica Seafood and Steve Connolly Seafood.
A Reuters quarterly survey of more than 500 economists conducted in January, resulted in a general consensus that 2022 will bring with it higher inflation. Economists also reduced their global growth forecasts to 4.3 percent growth in 2022, down from the 4.5 percent predicted in October, in part because of steeper interest rates and higher costs of living.
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