FVRR - This Growth Stock Could Thrive in a Recession
With U.S. gross domestic product (GDP) falling for a second quarter, there are growing fears the economy will slip into a recession. Recessions are challenging for many companies, but some businesses can thrive.
Freelancing marketplace Fiverr International (NYSE: FVRR) was a big winner during the pandemic. While there are differences between then and now, there is reason to believe a recession could boost business for Fiverr moving forward.
It seems silly at first to compare the economy during the height of the pandemic to now. After all, unemployment soared to double digits in 2020 while humming at just 3.6% today.
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This Growth Stock Could Thrive in a Recession