Pub. 1 2020-2021 Issue 1

Reading-between-the-trend-lines-main

Reading Between the Trend Lines

Things have changed very quickly over the last couple of months, with one day looking better or worse than the day before. I can see the next few weeks unfolding this way: If infection rates drop, confidence in public health and an economic recovery will go up. That’s a future scenario. Presently, we’re in a situation where we’ve prepared for a three-month recession and, now that it’s extending a little longer, things are going to get harder for businesses that aren’t ready for the Payroll Protection Program (PPP) to expire.

Three-firm-leaders

Three Firm Leaders Describe How to Survive an Economic Downturn

The last several years have seen a major boom in the architecture business, but now a period of slower growth, indicated by the Architecture Billings Index, is pointing toward an impending downturn. In preparation, three firm leaders — Tim Dufault, FAIA, president and CEO at Cuningham Group; Carole Wedge, FAIA, CEO at Shepley Bulfinch; and Ed Shriver, FAIA, founding principal of Strada — share their insights on how their firms weathered previous tough times and what they’ve learned from decades of financial ups and downs.