Challenges Mount for EU's Seafood Industry as Recession Fears Loom

Seafood sales in Portugal and Spain have taken a hit compared to the same period in 2022, attributed to the looming threat of a recession in the European Union's (EU) economy and persistent inflation. Wholesalers, distributors, and retailers are grappling with unprecedented challenges for this time of the year, facing lower demand as consumers tighten their belts. The seafood industry's outlook remains uncertain as economic uncertainties continue to cast a shadow over Christmas holiday sales.