Adjusted for inflation, U.S. annual food spending increased 70 percent from 1997 to 2022 to the highest level recorded. The 25-year climb was steady other than slight decreases during the Great Recession in 2008 and 2009 and a 6.4 percent drop in 2020 during the COVID-19 pandemic.
Mr Fred Bamwesigye, the UCAA director general said that this year’s traffic is also more than that recorded before the outbreak of the Covid-19 pandemic
This new program will further help businesses and individuals recover and thrive as the region continues to emerge from the economic slowdown of the last three years due to the COVID-19 pandemic.
Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.