The last time Ciliberto remembers business being this bad was during the 2008 recession, but even then, he said, it wasn't as bad as now. CBC News spoke with businesses and economic experts across the region, many of whom felt the pain of the last major recession in 2008. Though times were tough during the 2008 recession she remained open and had a steady flow of clients, but with COVID-19 she was forced to abruptly shut down. Wendy Stark from the Windsor-Essex Economic Development Corp. said the timeline of the last recession and this one are completely different. "Here we are seeing that people are going out of their way to support small businesses and local businesses that have locally-made products.
Source: CBC News August 01, 2020 12:01 UTC