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FACTORING ECONOMIC CONDITIONS INTO BUSINESS PLANS

January 2009 - Insolvency & Restructuring. Legal Developments by KPMG LLP.

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The current recession is unprecedented, which makes the outcome difficult to predict. But one thing is certain: it is very dangerous to keep talking down the economy. We do not want to see a deep, prolonged recession. What we actually need, after the excesses of the last four or five years, when too much finance was available, is a correction or readjustment of the economy, not a wholesale recession.

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