KPMG has made a study of the expectations in sphere of economy for 2010. Half of the managers all over the world think that the economy will recover in 2010. The other half take a different view of the matter.
Some of them considers that the revival of the economy will take place in 2011, others think in 2012 or even in 2013.
In Belgium, KPMG has interviewed 20 managers of companies in different sectors. Despite the crisis, firms continue to invest in their activities. Fifty percent of interviewed companies are expecting a recovery in 2010. Thirty percent think the resurgence will occur in 2011 and ten percent think it will happen in 2012.
World-wide, fifteen percent of companies say that the recession is unique and that they can’t fall back on their experience. In some countries in Europe, the figures are quite higher. It indicates that European firms have difficulties to outline a method to deal with the recession.
Does the government have to intervene in economy in times of crisis? In Belgium, thirty percent of the companies say that the government has done enough to stimulate the economy.
Twenty-five percent take the view that the government must guarantee a better and stronger regulation of the financial sector, though. In their opinion, that's the solution of the recession.
A quarter of Belgian companies think that a tax reduction would stimulate a revival.
In my opinion, the economy will start his revival in 2010. But I think that some companies will recover in 2011 or even later. Firms, belonging to the medical or pharmaceutical sector, will revive faster because their products are always important. In a slowing or booming economy, people need medication or medical care. They can’t delay to buy medicines.
The automobile sector, for instance, will have more difficulties because people can delay a purchase of a car.
The study of KPMG is an interesting issue because companies all over the world are interviewed. We can see that in some countries, the crisis is more noticeable than in other countries.
So, we can conclude that the repair of the economical crisis is depending on the circumstances, such as the sector, necessity of the product, the country, …
Some of them considers that the revival of the economy will take place in 2011, others think in 2012 or even in 2013.
In Belgium, KPMG has interviewed 20 managers of companies in different sectors. Despite the crisis, firms continue to invest in their activities. Fifty percent of interviewed companies are expecting a recovery in 2010. Thirty percent think the resurgence will occur in 2011 and ten percent think it will happen in 2012.
World-wide, fifteen percent of companies say that the recession is unique and that they can’t fall back on their experience. In some countries in Europe, the figures are quite higher. It indicates that European firms have difficulties to outline a method to deal with the recession.
Does the government have to intervene in economy in times of crisis? In Belgium, thirty percent of the companies say that the government has done enough to stimulate the economy.
Twenty-five percent take the view that the government must guarantee a better and stronger regulation of the financial sector, though. In their opinion, that's the solution of the recession.
A quarter of Belgian companies think that a tax reduction would stimulate a revival.
In my opinion, the economy will start his revival in 2010. But I think that some companies will recover in 2011 or even later. Firms, belonging to the medical or pharmaceutical sector, will revive faster because their products are always important. In a slowing or booming economy, people need medication or medical care. They can’t delay to buy medicines.
The automobile sector, for instance, will have more difficulties because people can delay a purchase of a car.
The study of KPMG is an interesting issue because companies all over the world are interviewed. We can see that in some countries, the crisis is more noticeable than in other countries.
So, we can conclude that the repair of the economical crisis is depending on the circumstances, such as the sector, necessity of the product, the country, …
I agree with your opinion. Some companies will start to recover in 2010 and other companies (dependent of their sector) will recover later. For some companies the recovery will last longer than others.
BeantwoordenVerwijderenI also think it's difficult to say when the economy will start his revival. Some products (such as food, medication etc) are always really necessary. In that kind of sectors the economical crisis will start soon his revival. In sectors of luxurious goods (travels, automobile sector etc) the revival needs more time I suggest.
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