As the inflation scare continues to haunt us (despite the appearance that we avoided an immediate crisis), people and companies everywhere are still feeling the pressure.
The IMF predicts that economic expansion will be steady but slow (at 3.1 percent, up from 0.2 from October 2023’s projections), but there are still signs of risk and turbulence ahead. In other words, businesses should tread carefully.
Many companies made the hard decision to lay people off throughout 2023. And, despite a more positive economic outlook for 2024—the aversion of a recession, low unemployment, and declining inflation—many businesses continue to make cuts. On