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Q: Is a Recession Coming in 2022?

It’s been a while since the world has faced a recession. Recessions are when there’s negative growth in the economy for two consecutive quarters. However, according to the World Bank, one may be coming in 2022. The organization warned that most countries are headed for a recession, with a possible return to stagflation. Something we haven’t seen since the 1970s. READ MORE: 1 9 Recession Proof Businesses

Q: Should Small Business Owners be Worried?

Though there are some warning signs that the U.S. economy may be heading for a potential recession, Chief Investment Officer Andy Stout thinks it may not happen this year. Small business owners shouldn’t worry but prepare for the possibility of future recessions by doing economic research and making sure they have enough cash on hand to weather any storm.

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