workforces, knowing that suddenly staff might look good for the accountants, but caused a major problem when the order books began to refill. If these good companies see no light at the end of the tunnel, or fear a double-dip when a second recession is in the offing, then they will have no choice but to shed staff. That increases unemployment, lowers business sentiment and would cause a harder recession. And that would make matters far worse.
Companies might have worries regarding just what their business insurance will cover them for should matters get worse, but all businessmen will be hoping that the lending tap is turned back on pretty soon.
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Maline Morgan –
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