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A recession is imminent. It has been more than a decade since the U.S. economy emerged from the Great Recession brought on by the Financial Crisis. And all signs suggest that the longest economic expansion in U.S. history is set to continue running at least for the time being. But the same cannot be said for corporate earnings, which is threatening to fall into recession in 2020 for the first time since late 2016. This has important fundamental implications for investors over the coming year.
So what if corporate earnings fall into recession? A decline