Ad Agencies: Prepare Yourself. This Will Be Bumpy. [REPORT]
April 22, 2020
During the 2008-09 recession, agency organic growth fell by -1,500 bps from +4% in 3Q 2008 to a low of -11% in 2Q 2009. It took seven quarters in the end for organic growth to recover back to +6% in 2Q 2010, reflecting the prolonged economic weakness over this period.
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