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An economic recession can have a major impact on both local and global economies. What is the impact of a recession on a company's financial

An economic recession can have a major impact on both local and global economies. What is the impact of a recession on a company's financial predictions and for working capital management during these economic downturns? What can a business do to protect their capital and continue operations during these periods? Provide an example to demonstrate how a company could apply your suggestions.

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