Why recession is approaching

If you are running a business, the current rising inflation may turn into less demand from your customers, hence slower sales for your business. According to Bloomberg Economics today, risk of US recession is rising. With Former Chair of the Federal Reserve Ben Bernanke stating that the country could be heading towards “stagflation” means a slowing economy with high inflation. Businesses are seeing less consumer demand, due to rising costs. When was the last time that your business had to survive a recession? What does that mean to you and your employees today if a recession really hits? What can you do as a business owner to be prepared? We will be sharing with you our observations of what had happened and what is going to happen to the US Economy. If you have any questions or comments, we welcome you to share your thoughts with us. #business #help #accounting #economy #recession


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