Meanwhile, the percentage of adults spending less compared to the year before has steadily dropped since 2009, when, in the immediate aftermath of the recession, 57 percent of respondents said they were pulling back. (creditcards.com)
The bigger reason, however, I would say, however, has been aftermath of the recession and more specifically the crash of the housing market. (relentlesseconomics.com)
Despite challenging conditions, businesses became acutely aware of the need to manage cash flow and reduce long - term overheads — including office leases — which is believed by some to have helped serviced offices gain a stronger foothold in the aftermath of the recession. (allwork.space)