L shape recession

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2014 Budgets need to abandon hopes of Supercycle return

19 October 2013

Next week the blog will publish its 6th annual Budget Outlook, covering the 2014-2016 period.    The aim has always been to challenge conventional wisdom when this seems likely to encourage companies to take a wrong turn: • The blog’s 2007 Outlook ‘Budgeting for a Downturn‘, and its 2008 ‘Budgeting for Survival’, meant it was one of […]

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Europe in "10-year stagnation period, just like the Japanese"

19 November 2012

The blog today tips its hat to Borealis CEO Mark Garrett, who becomes the first major company boss to publicly accept that Europe is following Japan into a prolonged period of economic slowdown. He told ICIS news:

“I believe Europe has entered a 10-y…