Growth in the U.S. economy slows to +4.9% in the 3Q which is lower than estimates of 5.2%. At the same time, inflation also slows down and stands at 2.6% against an expected figure of 2.8%. In this context where inflation is under control, there is a growing front of those calling for a cut in interest rates by the Federal Reserve, the U.S. Central Bank, so as to stimulate investment by American businesses.

ITALIAN FOOD CHAMPIONS ARE OLIVE OIL, PASTA AND CHEESE
In this scenario, in the first nine months of 2023, Italy rises in the ranking of food and wine suppliers in the U.S. to third place, behind only Mexico and Canada, reaching revenues of US $5.3 billion. Among European countries, there is only France, which, however, loses positions, dropping from third to fifth place.