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What is an economic downturn: How to prepare for a difficult time

Every day another financial expert seems to have predicted that the United States will soon enter recession.

Last week saw the largest interest rate increase in 28 years in the Federal Reserve’s effort to combat inflation. As the economy continues to deal with sky-high gas prices, a shaky stock market and ongoing labor shortages, it looks like we are going to see a decline in economic activity with rising unemployment, stock market downturns and economic activity. Reduction in wages and benefits.

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