Financial Times FT.com

Debating point: How to avoid collateral damage

By David Rhodes and Daniel Stelter

Published: November 25 2008 16:33 | Last updated: November 25 2008 16:33

It is the question on every chief executive’s lips: what do I need to do in order to mitigate the worst effects of the current crisis and prepare for when the world’s economies are restored to health?

Start by recognising what is fast becoming a stark fact: the financial crisis is sweeping through the real economy, and it is starting to cause considerable “collateral damage” to non-financial companies.

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