The next recession will be almost the opposite of the 2020 crash - Business Insider

In 2020, service businesses suffered, the economy nosedived, and Americans spent big on goods. If a downturn comes next year, expect that to flip.

In early 2020, the US economy took an unprecedented nosedive as the first wave of COVID-19 spread across the country. Spending on in-person services cratered. Unemployment hit its highest level in mo… [+4153 chars]

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