Many predicted the next economic recession was on the horizon. Rumors of the next downturn began months before the first reports of coronavirus made headlines. In 2019, factors such as the U.S.-China trade war and uncertainty in the European Union pointed to a potential slump. The experts said that a business slowdown was basically inevitable in 2020.

We just didn’t know when it would strike. And we didn’t know what would cause the downturn.

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