Covid-19 And The Great Reset: Briefing Note #19, August 20, 2020

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But a lot as Ginger Rogers danced the identical steps as Fred Astaire—solely backward and carrying excessive heels—small businesses must make the mandatory adjustments at a larger relative price and with much less working capital. Our new analysis examines the strugglesof US small businesses in three sectors (restaurants, manufacturing, and retailing) that could possibly be facing a long, hard recovery (exhibit). Businesses are preserving one eye firmly on the right here and now but also tentatively looking forward to what’s shaping up as a great reset. Our new analysis this week provides several takes on this theme.

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