Warning: Save money for rainy day

Thursday October 10, 2019 Written by Published in Economy

The Chamber of Commerce is warning businesses to start planning and preparing for a recession, that economists say could bite next year.

 

President Fletcher Melvin said some economists were predicting a recession hitting the global economy due to the ongoing trade war between China and the United States.

Melvin is asking local businesses to start saving and putting money aside to counter any such recession.

The proposed income tax reduction by the government would help business operators improve their savings to counter the possible economic belt-tightening.

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