“Everybody knows” that full economic recovery is inevitable. And today, everybody absolutely knows that it must now be very close. After all, it has now been 4 years since the crisis began. This expectation is understandable, as anybody who began work from 1983 onwards has only ever known constant growth. There might have been the […]
Chemicals and the Economy
Budgeting for Austerity – the Opportunities
The 2012-14 Budget period offers great opportunities, as well as great challenges. Will companies continue to focus on short-term developments in financial markets? Michael Porter’s Shared Value concept instead offers us a powerful model for creating future growth. Will policymakers stop focusing on the 24 hour news cycle and instead begin to set out the […]
Budgeting for Austerity – the Challenges
The 2012-14 Budget period offers great opportunities, as well as great challenges. In the short-term, the challenges may well seem more important. But they should not blind companies to the fact that the opportunities have probably never been greater. Of course, it is hard to be very optimistic about the shorter-term outlook for the global […]
Budgeting for Austerity, and New Opportunities
SUMMARY The global economy does not seem to be in good shape. Policymakers seem to fail to grasp the importance of the demographic changes that are underway in both the Western and emerging economies. Yet demographics drive demand. The result of this failure by policymakers is that the world seems to be heading towards a […]
Global economy goes Back to the Future
Between 1854 and 1982, the US economy was in recession for 35% of the time, according to Deutsche Bank research. But between November 1982 and December 2007, as the chart shows, it was only in recession for 5% of the time, just 16 months in 25 years. Something very unusual clearly happened during this period. […]
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