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US Entered Into a Recession in February, Economic Watchdog Says

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

An economic watchdog says a U.S. recession officially began in February, breaking from the standard practice of applying the recessionary label only after two consecutive quarters of decline. On Monday, 100-year-old nonprofit National Bureau of Economic Research (NBER) said expert economics on its business cycle dating committee determined that the coronavirus pandemic and public health…

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