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Strength of U.S. Economic Rebound Will Depend on Small Business: TD Economics
May 28, 2010America's small businesses have experienced a "greater" Great Recession than other business segments, and the nation's prospects for economic recovery depend importantly on the prospects for those small businesses, according to a new report published today by TD Economics, in partnership with TD Bank, America's Most Convenient Bank. Titled, "Small and Medium Sized Businesses Key to U.S. Economic Recovery," and authored by TD Economist James Marple, the report outlines the characteristics of the recent recession that have been particularly hard on small businesses, namely acute job losses, the tightening of the credit markets, and the industrial composition of the economic correction. It also contends that small and medium-sized businesses are at the forefront of the creative process of powering the economy out of the downturn. Full release.
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