Economists, academics, and top executives increasingly predict that a global recession is on the horizon within the next year. In fact, when looking at the previous financial crisis back in 2008, there are many parallels to the current market conditions. Specifically, these financial experts see a sluggish stock market, an inverted yield curve (which is a precursor to every U.S. recession since the mid-1950s), and Federal Reserve rate cuts.
In addition to market similarities with the Great Recession, we must consider current socio-economic and political factors, including uncertainty around Brexit, the ongoing U.S.-China trade dispute, and a slowing GDP growth rate in the U.S.
The last recession not only forced many companies to rethink their business strategies, but also caused thousands of workers in the U.S. and around the world to lose their jobs. No company wants to repeat history, so how can high-growth tech firms find success when the next recession hits?
Despite unsettling economic forecasts, global expansion provides tech leaders an opportunity to grow their businesses — even under volatile market conditions.