Summer school 2004 The global economy pulled out of recession in 2002 and is predicted to grow this year by about 4 per cent. The threat of deflation has receded, yet inflation remains subdued. Interest rates worldwide are on a rising trend but financial markets are taking the increasing cost of money in their stride.
In other words, this is as good as it gets. If your business is not earning a decent rate of return at this point in the business cycle, there is probably something wrong with your strategy, your execution of strategy or both.
