Looking Up - The Overhaul It Takes

This article discusses the need for a reinvention and restructuring of businesses in the wake of the credit crunch and economic downturn.

Looking Up – The Overhaul It Takes

J.Walker SmithYankelovich MONITOR®

Yesterday, the World Bank put an end to many of the hopes centered on the so-called green shoots with its latest forecast of 2009 global GDP. Instead of the 1.7 percent decline forecasted in March, the World Bank now expects a 2.9 percent decline, about 70 percent greater than the March estimate.

The World Bank's new estimate sent stocks and oil pricestumbling. The S&P 500 and the Dow Jones Industrial Index gave up all of their 2009 gains on this news....

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