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Online Sales Led Increased Revenue Expectations for SMBs –

With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially for the most vulnerable small and medium-sized businesses (SMBs). However, signs of recovery were observed at the end of the year. The inflation-adjusted GDP recorded in the last quarter was almost the same size as predicted by the Congressional Budget Office (CBO) four years ago, and unemployment figures should average a promising 3.9%. This might explain why nearly half of U.S. Main Street SMBs still expected their revenues to grow in 2023 full year.Prospects are more positive… 

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