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| It’s a cliché, but it’s true now, more than ever: we live in turbulent times.
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The credit crunch is biting hard. A ten year period of growth fuelled by the credit boom has come to an abrupt halt. The balmy salad days of easy credit, easy money & easy life have gone. An economic storm is blowing hard. A whole generation of twenty and thirty somethings, have never experienced an economic downturn in their adult lives and don’t know quite what to expect in coming months. Talk abounds of recession and that other dreaded ‘r’ word, redundancy. To quote the politicians, the Age of Irresponsibility has been replaced by the new Age of Austerity. For businesses it’s time to batten down the hatches and prepare to weather the storm.
© 2008 Wilson Gallagher
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