What Effects Recessions Have on Borrowing and Lending
Recessions, or even the fear of a possible one, can have a significant impact on business owners in two ways: they can reduce sales and revenue, and if the business lacks scale, market power, or financial leverage, they can limit the resources available to help a business owner weather a tough economic. As a result, […]
What Is a Recession? What Business Owners Must Know
A recession is defined as a severe and long-term fall in economic activity, which is frequently accompanied by negative GDP, rising unemployment, declining retail sales, and decreasing economic production. It is a normal stage of the economic cycle: it occurs after periods of growth or following events such as bubbles, crashes, or pandemics. How Often […]
