Press Release
2 September 2009 | US TURNAROUND EXPERTS SEE LIGHT IN 2010
A poll of turnaround and recovery management specialists in the US has added weight to the opinion of their UK colleagues that a significant economic upswing will be delayed until early or mid-2010, and possibly a lot longer.
TMA (UK) has been warning that apparently optimistic signs from both the housing and stock markets should not be taken as harbingers of early recovery, and that the continuing liquidity crisis means the rate of business failure, with its implications for unemployment and Treasury revenues, will be unnecessarily prolonged.
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