New Conditions Call for New Approaches to Forecasting and Planning
It has been more than three years since the global economic crisis battered investors, consumers and businesses alike. While there are signs of stabilization, the environment continues to be full of surprises, as witnessed by the recent battles over the U.S. debt ceiling. The situation in Europe offers little relief, with a series of sovereign debt concerns casting doubt on the fate of the Euro and the ongoing solvency of the European Union’s weaker participants. With slow growth and high levels of employment in the United States, the outlook is for more uncertainty.