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A recession can be defined as a significant decline in economic activity lasting more than a few months. It is typically characterized by falling incomes, rising unemployment, and lower levels of consumer spending. During a recession, businesses across the country suffer, and many are forced to lay off workers or close their doors entirely. In such an uncertain economic climate, it is more important than ever to keep building business contacts. Having a strong network of contacts can provide essential support during tough times. It can give you access to vital information about potential opportunities and help you to stay ahead of the competition. In addition, business contacts can provide valuable introductions and referral business. So even in the midst of an economic downturn, it is important to keep working to expand your professional network.
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