January 23, 2024 — Falling inflation could improve net demand, portending better seafood sales in 2024, according to Bank of America Managing Director and Chief Investment Office Macro Strategy Head Tim McGee.
Speaking at the 2024 Global Seafood Market Conference, taking place in Orlando, Florida, U.S.A. from 23 to 25 January, McGee said election-year economic moves by the administration of U.S. President Joe Biden and by the U.S. Federal Reserve focused on getting Americans to feel better about the economy will pay dividends for the seafood industry.