January 15, 2013
Phew, that was close. As President Obama winked goodbye to the press corps and returned to his holiday in Hawaii, there was relief as imminent financial disaster – the ‘fiscal cliff’ – was avoided. There was instant celebration in financial markets too. Share prices rose steeply – not that traders ever need too much encouragement to get over-excited. (more…)
January 7, 2013
With 2012 firmly drawn to a close, most procurement professionals will breathe a sigh of relief. It has been a tough year, full of economic uncertainty.
On the plus side, none of the doom scenarios such as the collapse of the euro have played out, but on the negative side the OECD recently slashed its global growth forecast to 2.9 per cent in 2012. This, coupled with growing public sector debt, has presents a host of challenges. (more…)