It’s old news that we live in uncertain times. If you’re unaware of this, then you’ve been living in a much nicer parallel universe than the rest of us and have successfully avoided every news platform for the last few years.
But let's get real. The Economist acknowledged that a global recession in 2023 was inevitable in a world ‘reeling from shocks in geopolitics, energy and economics.’ And Forbes asserted with some confidence that the recession would begin in late 2023 to early 2024.
However, if you thought we’d passed the danger period, think again, as Forbes said in a recent article (October 2024): Sinking Consumer Confidence Raises Odds Of A 2025 Recession.
Oh, joy. Here we go; your business resilience is under fire once again.
What’s important, though, is how you will get through yet another downturn.
So, ask yourself:
Do we have the toolset needed to make the right decisions as we trudge through yet another period of negative economic growth?