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How The Sequester Could Affect Restaurants
- Nation's Restaurant News, Wednesday, March 13, 2013 12:10 PM
Leading up to March 1, foodservice experts speculated that the spending cuts wouldn't implode the economy immediately. Instead, they said, it would more acutely affect certain regions tied to the tourism or defense industries and put more pressure on restaurant chains in those areas. “The sequester’s effect will be felt more in pockets,” said restaurant industry analyst Malcolm Knapp. “The impact is likely to be staggered, so we likely will not see it right away. We just had a really good jobs number for February, but by May, maybe we won’t.”
