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Double-Dip Recession? Small Bizs Think So
According to The Orlando Sentinel, the Discover Small Business Watch in July found that 75 percent of small business owners surveyed believe it is likely or highly likely that the economy will slip into another recession before it fully recovers.
A total of 58 percent of small business owners rated the economy as poor, up from 51 percent in June. Just 7 percent said the economy was excellent or good.
“They’ll be holding back their economic enthusiasm until they have tangible evidence that their bottom lines are improving,” said Ryan Scully, director of Discover’s business card, which commissions the monthly research. The survey, which was conducted by Rasmussen Reports, polled 750 small business owners.
One bit of good news? Twenty-eight percent of small business owners reported they will increase spending on business development during the next six months, the most since September 2008.
Photo by fotr.mlblogs.com.
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Ed Wills, franchise consultant on August 16th, 2010 10:09 am
To double-dip or not to double-dip? That is the question. There is evidence on both sides. Doing nothing is the worst of all possible choices. Cautious advancement seems the only reasonable alternative in which a business can prepare for recovery, but be able to sustain another economic setback should one come.
Nan on August 17th, 2010 3:37 pm
Double dip? The only ones who think we were ever out of one are in Washington, DC, or who received a check from that location.
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