Small businesses are hit hardest by economic events such as recession and inflation. Some experts forecast inflation to drop by 1-2 points from 9.1% to 7.5-8%. The potential for recession is also under discussion as news outlets report that companies are canceling job offers and/or cutting jobs. GDP data is due out this week.
The top economist who knew inflation would be a disaster says get ready for a bumpy recession ride: ‘Soft landings represent a kind of triumph of hope over experience.’ (msn.com)
