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Brakes or gas? Small businesses accelerated performance through 2022, but the curves and twists of 2023 will challenge the perseverance of young drivers.
Published March 28, 2023
Commercial Commercial Insights Credit & Economic TrendsThe Spring report contains several insights on small business performance including - delinquencies are rising for small businesses across regions and products, and businesses are making decisions about how they repay debt. The economy will slow in 2023, and consumer and small business credit health and spending behavior will adjust to the new reality. Cashflows will be tested in industry segments focused on home-based work/life as the labor force returns to the office, but some businesses require hybrid work schedules to encourage collaboration and a more connected work environment.
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