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January is traditionally a time for taking stock and making promises to ourselves, ‘that this year things will be different’ well with the economy as it is, things will certainly be different. So let us take stock of the situation and also make a few assumptions, if we face a severe and deep recession and the banks remain nervous and restrict the flow of lending, times will become very tuff indeed. But sound businesses will survive and be in a great position for when the recession is over, academics’ call this opportunity in adversity. But for these opportunities to present themselves the government will have play their part, stimulating the economy and not making things worst, fingers crossed for that then. |