The pandemic forced most businesses to make rapid strategic shifts. Those in leadership who successfully navigated the brief but deep early-pandemic recession made themselves more resilient to fiscal shocks by running leaner and focusing on the core product or service lines.
Today, the global economy is faltering again. This additional wobble is partly due to pandemic overhang—supply chain issues, labor shortages, and unpredictable changes in consumer and business behavior. While the United States has thus far been the best house in a lousy neighborhood among developed economies, the consensus forecast is for a recession in 2023.
