In A Recession, Who Wins, Who Loses In The Innovation Space?By
We’ve had an amazing run for innovative startups in social networking, green tech and search over the past few years and that may come to an abrupt end if we slip into recession. In fact, Goldman Sachs just lowered its estimate for US economic growth to 1%-1 1/2% for the rest of 07 and the first half of 08. That means the chances of slipping into recession are rising pretty fast, despite the surprisingly large interest rate cut by the Federal Reserve this week.
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