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CFOs Believe There’s a 31% Chance That the U.S. Economy Will Be in Recession by the End of the Year

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Optimism has dissipated in the last nine months.

Chief financial officers in the United States believe, on average, that there’s a 31 percent chance the national economy will be hit with a recession by the end of the year, according to the Duke University/CFO Global Business Outlook survey that’s cited by the Triangle Business Journal.

“The recession outlook has worsened significantly in the last nine months,” John Graham, a finance professor at Duke’s Fuqua School of Business and director of the survey, told TBJ. “Last June, the odds of recession were low in many countries, including the U.S., Canada and much of Europe. Today, driven in large part by slowing emerging economies and volatile financial markets and commodity prices, the risk is relatively high around the world.”

Read more at the Triangle Business Journal

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Want More “Me” Time? Wilkerson Will Get You There!

It was time. Teri Allen and her brother, Nick Pavlich, Jr., had been at the helm of Dearborn Jewelers of Plymouth in Plymouth, Mich., for decades. Their father, Nick Pavlich, Sr., had founded the store in 1950, but after so many wonderful years helping families around Michigan celebrate their most important moments, it was time to get some “moments” of their own. Teri says Wilkerson was the logical choice to run their retirement sale. “They’re the only company that specializes in closing jewelry stores,” she says. During the sale, Teri says a highlight was seeing so many generations of customers who wanted to buy “that one last piece of jewelry from us.” Would she recommend Wilkerson? Absolutely. “There is no way that I would have been able to do this by myself.”

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