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World Economy: The Only Certainty is Uncertainty!

By: Ian Campbell | Thursday, January 24, 2013

In a a recent article titled Companies Prepare for Future that Can't Be Predicted, subtitled 'A Generation of Uncertainty' discusses the question of economic uncertainty on a number of levels. Relying primarily on interviews with senior German CEO's, the authors suggest that:

To the extent world and country specific economic uncertainty today is greater than it was at least perceived to be pre-2008, that means:

Interestingly, the authors of the referenced article take a serious 'shot at the bows' of economic analysts, who they say:

If you read this Newsletter regularly, you will know I continue to believe that most 'technically trained economists' seem to believe they can use historic economic data to predict what will happen economically going forward. This, in what I think to be to borrow a phrase 'a brave new world', where I don't believe such an approach currently makes sense.

Companies Prepare for Future that Can't Be Predicted is one article I recommend you take the time to read and think about.

Topical Reference: Companies Prepare for Future that Can't Be Predicted, from Spiegel Online, Dietmar Hawranek, Martin Hesse and Alexander Jung, December 31, 2012 - reading time 4 minutes


Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Business Transition Simplified

Through his website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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