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

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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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