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Technologically advanced businesses: Businesses that stay on the forefront of technology in their industry can thrive during a recession. This could be a company with the most updated technology ...
This article originally appeared on GOBankingRates.com: 5 Types of Businesses Most Affected By a Recession and How This May Impact Your Wallet. Show comments. Advertisement. Advertisement.
But a recession can be a tricky time to try to switch jobs or start a business. Some industries and businesses are more recession-proof than others and knowing which ones they are can help when a ...
The United States Census Bureau's Household Pulse Survey published weekly statistics of the effects of the pandemic on Americans' lives. For week 12 (July 16–21), 51.1% of respondents reported a loss of employment income since March 13, 2020, 12.1% reported food scarcity, 40.1% delayed getting medical care in the past four weeks, and 26.5% ...
With many signs indicating the United States economy has entered into a technical recession, small-business owners must take swift action to make their companies recession resilient. Follow these...
Small businesses have been hit hard by the COVID-19 pandemic and its lockdowns. Many of them also lacked the technological tools to survive in an unprecedented environment. To make things worse, in the European regions most affected by the coronavirus pandemic small businesses are usually less digitalised. [423] [424] [425]
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
Some 78% of small business owners said the economy has got worse in the past three months, with only 5% saying it had improved. Most U.S. small businesses worry recession is coming - Goldman ...