by: Terry H Hill An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer purchases (especially of durable goods) and, subsequently, reduced […]
How to Successfully Navigate Your Business through an Economic Downturn
March 15th, 2009 | by Amit Sahrawat | published in Business and Finance