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Going Out of Business Forges Slow Economic Decline
Washington AP reports recession and high interest rates drive business closures at the fastest pace since the Great Depression. Dun & Bradstreet tallies 6,205 failures in the first 14 weeks of 1982, 56 percent above 1981, with nearly 26,000 expected to fold that year. AM International Inc. files for Chapter 11, signaling broad weakness among manufacturers amid high rates and weak demand.
MENTIONED IN THIS ARTICLE
Washington
William C. Dunkelberg
National Federation of Independent Business
Purdue University
Dun & Bradstreet