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The coronavirus pandemic has exacerbated what was otherwise a slowly onsetting recession, causing many businesses to shutter or cut back operations as unemployment numbers have skyrocketed. At the same time, some companies have actually expanded, or even opened their doors for the first time, against the odds.
The coronavirus pandemic has exacerbated what was otherwise a slowly onsetting recession, causing many businesses to shutter or cut back operations as unemployment numbers have skyrocketed. At the same time, some companies have actually expanded, or even opened their doors for the first time, against the odds.
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SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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You are so transparent! Before the pandemic, President Trump was leading us into a great economy, but you can't let the president have a win, so you call it a "slowly onsetting recession". WBJ is just another source of anti-Trump news.
Oh, BTW I know that this comment won't be published either. [Editor's Note: The Cambridge-based National Bureau of Economic Research, the organization which officially determines when the U.S. is in a recession or a depression, in June determined the current U.S. recession began in February, before the pandemic-related business closures and economic slowdown began. Locally, the Greater Worcester Economic Index, compiled by Assumption University Professor Thomas White, has said the local economy plateaued in the second half of 2019 before taking a downturn in the first quarter 2020, before the pandemic-related slowdown began.]