According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
COUNTERCYCLICAL
Etymology
Adjective
countercyclical (comparative more countercyclical, superlative most countercyclical)
(public policy) Dampening the cyclical fluctuations due to the business cycle in an economy.
(economics) Moving in the direction opposite to that of the overall state of an economy.
Antonyms
• procyclical
Source: Wiktionary
Recent Word Finds
Word of the Day
24 December 2024
INTUITIVELY
(adverb) in an intuitive manner; “inventors seem to have chosen intuitively a combination of explosive and aggressive sounds as warning signals to be used on automobiles”
Coffee Trivia
