Is Your Company Ready for a Downturn in the Economy?
Credit Research Foundation
SEPTEMBER 27, 2024
It’s been 16 years since the last major economic downturn – the banking crisis that started in 2007 and was in full impact mode from 2008 through 2010. It’s been noted in a survey that nearly 40% of companies reported reducing their credit department staff during the pandemic. During that period, the U.S. economy shed over 8.7
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