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No restaurant-industry turnaround in '09, analysts say
April 1, 2009
Reuters: The U.S. restaurant industry is unlikely to turn around in 2009 as a deepening recession, credit crunch and rising unemployment gnaw at performance, Fitch Ratings said Monday.
"Unfortunately, conditions that normally would be positive for the industry, such as declining gas prices and additional government stimulus, are being muted by rising unemployment and continued downward pressure on both the housing and stock markets," Fitch said in a report.
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