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Recession Risks Are Mounting. Here’s Why Businesses Are Still Hiring.
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After a banner year, Bird-in-Hand Family Inn in Lancaster County, Pa., is feeling the effects of a slowing economy.
Higher gas prices, elevated inflation and economic uncertainty have likely deterred some people from traveling to the Pennsylvania Dutch Country hotel, said the general manager, Tammy Portner-Smith. Bookings were down about 13% in July from a year earlier. The company has put some expansion plans on hold, such as building a bigger musical stage for inn guests and others to attend performances and converting some rooms into larger suites with farm-theme décor.
Read more on wsj.comAbout this in other media
Elon Musk Predicts ‘Mild Recession’ for 18 Months, Says Inflation Has Peaked wsj.com /1 year ago
‘The big squeeze’: what the papers say about Bank of England’s recession forecast theguardian.com /1 year ago
Sunak scorns Truss’s claims that tax cuts can avert recession theguardian.com /1 year ago
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