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Blog
No consensus on the "recession"
March 26, 2008
Our Website Poll shows among respondents that there's no real consensus when the recession will officially start in the US economy...or if there will even be an actual recession this year.
About a quarter (26%) said, yup, we're already in it. A little more than 30% said it'll start, oh, next month in the second-quarter of 2008. Only about 16% said it'll start in the second-half, but the remaining quarter of respondents said we won't have a true recession this year, just a general slowdown.
What can we make of these results? Well, it seems to show that everyone agrees business will decline in 2008. How much of a decline remains to be seen, though. It does come down to the direct impact any decline has on your company, its markets and your employees. Sort of like that adage that "If your neighbor loses his job, it's a recession. But if you lose your job, it's a depression." One company's slowdown may be another company's downfall.
Most economic crystal-balling I've heard in the past few months indicates that there should be some boost from the Economic Stimulus checks going out to taxpayers this spring and summer. But after that, it's anybody's guess.
Want to talk about it? Post a comment below. Has the slowdown significantly impacted your business already? Are the Stimulus checks just putting off the inevitable and growing the federal budget deficit unnecessarily? Or are you in a pretty recession-proof position?
Posted by Mark Spaulding on March 26, 2008 | Comments (0)