What are the economic factors reshaping the restaurant industry?
Moody’s Analytics chief APAC economist Steve Cochrane will provide an overview at the QSR Media Asia Conference & Awards 2020.
Consumers could possibly spend more in fast food outlets in economies with slower job growth and income growth, according to Moody’s Analytics chief APAC economist.
“It is all about patterns of consumer spending and how it will fare in a year of more modest economic growth. And there can be two points of view. One outcome could simply be that slower job growth and income growth could mean less dining out and less demand for fast food services,” Steve Cochrane explained.
“But this could be offset by diners shifting down from more expensive restaurants toward fast food. At least in the case of tourists in Singapore, this is what I hear is happening now as visitors, particularly from China, are more budget conscious,” he added.
Learn more from Cochrane as he delivers his insights on the latest global economic developments in a special session at the QSR Media Asia Conference & Awards 2020.
Cochrane is a Penn Institute scholar whose expertise includes providing insights into an area’s weakness strengths and comparative advantages, relative to macro economic trends.
Moody’s Analytics is one of the leading global financial services companies which helps businesses navigate existing marketplace with deep risk expertise, expansive information resources, and innovative application of technology.
(One month to go before Asia’s biggest multi-site restaurant industry event of the year! Click HERE to join.)
