Managing in a downturn – the business theme for 2008/09

After seventeen years of steady economic growth, Northern Ireland faces an economic downturn and a savage slowdown in consumer discretionary spending, according to business advisors, PricewaterhouseCoopers LLP.

PwC says that the North’s company liquidations in the second quarter of 2008 were up 50 per cent year-on-year, with the number of individual bankruptcies rising by nearly 42 per cent.

And with company liquidations in 2007 having been the highest for a decade, managing in a downturn is the challenge for corporate Northern Ireland in 2008 and 2009.

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Email: John Compton
Tel: +44 (0)28 9024 5454