Friday, October 2, 2009

Economic Outlook Improves After Third Glass of Wine

by Melissa Crawford

The truth is, I wouldn't be able to see straight after three glasses of wine, but one with dinner on a Friday night does wonders during a flagging economy. It's not surprising that sales in affordable luxuries are up despite one of the worst economic downturns in our lifetime.

Recently the IMF (International Monetary Fund) released its much anticipated economic outlook report. In short, the report finds that although a recovery is taking place, the global economy still has a long way to go before it’s in the black. Led by a resilient Chinese economy, the U.S. has started to slowly pull itself out of the recession, even as unemployment hits record numbers.

While it may be premature to buy that brand new BMW or that gold watch, it's definitely time have that extra glass of wine with dinner at your favorite local hangout.


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