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Commentary By Allison Schrager

Diners in a Downward Spiral

Economics Finance

Restaurants took a beating during the pandemic. And for many establishments business is still suffering. According to data from OpenTable the number of seated dinners is down 8% worldwide. But there is lots of variation across countries. People are still eating out less in the UK and US, but are back in droves in Australia and Mexico. It could be people in the US and UK have changed their eating habits, are more concerned about all kinds of infection, or are worried about inflation. But in any case, we are still not back to normal, or have entered a new normal.

Source: OpenTable

Allison Schrager is a senior fellow at the Manhattan Institute. Follow her on Twitter here.

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