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Chains ready plans to ride out economic downturn

Chains ready plans to ride out economic downturn

Even as the dreaded “R word”—recession—creeps into economic forecasts on the heels of last month’s negative reports citing declines in U.S. jobs, stifled consumer spending, still-shrinking home values and ever-tighter credit markets, many restaurant players are poised to ride out the predicted storm, say operators and industry watchers.

Through previously established pricing and refranchising strategies or credit facilities that were refinanced before turmoil hit the credit markets,

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