Are Black Businesses Ready For Another Recession?
From left, Bazaar Los Angeles co-founders Imani Watts and Alexandria Hadley. Black businesses have been hit by the pandemic-induced recession of 2020. Although they have rebounded quite strongly in 2021 – according to research by Robert Fairlie, a professor at the University of California, Santa Cruz – many black businesses still have some of the vulnerabilities that existed before, such as low cash reserves and difficulties in accessing credit compared to other groups. These vulnerabilities will likely still exist in the event of a further downturn, the odds of which increase. “If we slip into a recession, I predict itRead News