Ireland business Coronavirus Ireland

Food service market recovery slower than forecast

Reading now: 973
www.rte.ie

The food service market here will not return to the levels it was at prior to the Covid-19 pandemic until the end of next year, according to Bord Bia.

The Irish food promotion board says that the prolonged lockdown in the first half of this year and gradual reopening has meant the recovery has been slower than it had forecast in November.

However, it still expects a bounce in the second half of the year that should lead to an 11% growth in sales across 2021 compared to a year earlier, down from the 16% worst case growth scenario predicted by it in November.

This will bring the total value of the market to almost €5bn the new research by Bord Bia predicts. The sector here has displayed resilience in the face of the most prolonged shutdown in

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Gotabaya Rajapaksa - The economy is recovering, says President during meeting with professionals - newsfirst.lk
newsfirst.lk
58%
142
The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
DMCA