The Implications for Small Businesses and Consumers as the Economy Approaches a ‘New Normal’

The impact of the pandemic on the U.S. economy is profound, but small businesses are particularly exposed. While the combination of temporary stimulus measures put in place by policymakers and voluntary actions offered by banks have helped to mitigate some of the damage to consumers and businesses thus far, the future is still highly uncertain and the effects of the recession are unlikely to be short-lived.
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