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Food Media

WaPo: We’ve just lived through the greatest period of restaurant growth in U.S. history. Here’s why it’s ending.

Melanie Wong | Jul 10, 201908:31 PM    

“... What’s more, the party is over and most of us are blithely unaware. The restaurant industry is frequently the precursor for a market correction, an early harbinger of a bear market or even a recession to come. And some experts are saying that an unfortunate confluence of factors — oversaturated restaurant markets, rising labor and food costs, weak sales, changing consumer tastes and loyalties, a shrinking middle class, declines in mall traffic, bank and investor skittishness about returns on investments — means the near future looks bleak...”

We’ve just lived through the greatest period of restaurant growth in U.S. history. Here’s why it’s ending.

A new book explains the sudden death of the golden age of dining out in America.

www.washingtonpost.com
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