The phoenix from the ashes will be leaner and more competitive
There is to be no escaping the global economic downturn. All corners of the world will be touched with the heavy hand of restricted credit flows and collapsing trade in 2009. The result of this will see widespread unemployment, falling consumption and the shrinking of profits for business around the world. Yet out of the burning embers of the free-market capitalist system as we knew it will emerge opportunities for leaner, hardier and more efficient industries.
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