Worried about a recession? Here’s what appliance makers say before you buy big-ticket items
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Whirlpool's CEO compares current appliance demand to the 2008 financial crisis, indicating a significant industry decline. The company's Q1 revenue fell 9.6% year-over-year, leading to a 12% drop in stock price. With double-digit price increases on the horizon, consumers may benefit from delaying big-ticket purchases. Analysts express caution regarding the economic outlook, while Whirlpool's stock performance raises concerns about its financial health amidst ongoing debt reduction efforts.
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