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Cuts at Amazon, Other Tech Companies Don’t Spell Recession Yet
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Amazon . com Inc.’s halt to construction of a new headquarters, on top of a parade of high-profile tech layoffs, looks ominous for the economy.
But the damage will need to spread much further to signal full-blown recession.When the U.S. has entered recession in the past, weakness has often started in one sector and then spread like brushfire, pulling down a widening array of industries and the people who work in them.
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