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Guarded Optimism Prevails as Executives Chart the Future
August 1, 2019
By TD Bank
Ten years is a long time, but for many business leaders the Great Recession's stark impact on credit availability lingers in memory. As the supply of credit rapidly diminished in 2009, companies had difficulty securing needed external capital for growth and innovation, such as market expansion and operational improvements. For some companies, the severe credit crunch affected their ability to remain in business.
Constantly reminded that another recession is to be expected, business leaders worry about the availability and price of debt once it emerges. Indicators of an approaching recession include the May 2019 report of a slowdown in employment and the occasional rearing of the inverted yield curve, an interest rate environment in which long-term debt has a lower yield than short-term debt.
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