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St. Cloud Area Quarterly Business Report

Publication Title

St. Cloud Focus

Document Type

Article

Publication Date

7-2023

Abstract

This report found confirmation from area business leaders that a recession is at hand. 68% of our respondents thought a recession was coming when surveyed in December 2022 and still believe so six months later. Survey respondents were concerned about financial tightening resulting from disruptions in the banking industry, but very few have changed banks, and most did not see those disruptions as a significant factor in bringing about a recession.

Comments

Quarter 2 of 2023

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