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Bracing for a Recession: What Businesses Can Do to Weather an Economic Downturn

Started by Epoch-Times-Bot, Oct 20, 2022, 07:45 PM

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Epoch-Times-Bot

Oct 20, 2022, 07:45 PM
Bracing for a Recession: What Businesses Can Do to Weather an Economic Downturn

The last time the United States (and, by extension, the world) faced a major recession back in 2007. By the time economists called an end to the Great Recession, in June 2009, U.S. real Gross Domestic Product (GDP) had tumbled by 4.3-percent since its peak in Q4-2007. Unemployment was at 5-percent in Q4-2007, and rose to 9.5-percent in Q2-2009, topping-off at 10-percent by year's end. It was the longest recessionary period since World War II, and every sector of the economy felt its brunt. Now, looking back at how events unfolded then, including government responses to the crisis, and putting those responses into today's perspective, one can't help but feel a sense of deja vu!...

Source: Bracing for a Recession: What Businesses Can Do to Weather an Economic Downturn

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