Period of high financial risk to suppliers on the horizon
Resilinc
AUGUST 9, 2022
In the 2008-2009 recession, export-dependent countries in Asia suffered a 15% drop in GDP in Q4 2008 due to their dependence on export markets, according to IMF analyses. growth in 2009 thanks to its enormous financial stimulus package). If a recession takes hold, count on those impacts on supplier firms to continue and intensify.
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