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Recession or Depression, the Key to COVID-19 Crisis Is How Long it Lasts

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

The global economy is headed for a severe downturn, if it isn’t there already, and its longevity seems to be the only question remaining. “In April, we had projected that the great lockdown of 2020 would be the worst recession since the Great Depression and the data that is coming in confirms that,” said Gita…

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