Wine, Recession, and Coronavirus: This Time is Different?

[image error]Last weeks Wine Economist column was a working draft of my analysis of how the coronavirus pandemic might impact the wine industry.  One focus was on the possibility of a recession in at least some parts of the world and slowing economic conditions generally.

An economic downturn would certainly impact the wine industry. Wine is, after all, a discretionary good for most consumers.  I havent heard of anyone filling their Costco wagon with wine the way they have done with toilet paper, although...