BI Crystal Ball Says Beer Will Decline Again This year

Dear Client: Beer Institute economist Michael Uhrich did an industry update Thursday afternoon, to deliver this sobering tidbit: Without any macro changes on the horizon for GDP (up about 2.5%) and household incomes about the same, he predicts beer will again be down 1%-2% in 2019, in line with the last couple years. And while beer isn't seeing any likely tailwinds, a potential recession in 2020 could of course hurt the industry (nope, it's not recession proof). Other highlights: BEER