The implosion of the housing and financial sectors has wiped out much of the economic progress achieved over the past 10 years. Consumers continue to cut back their spending as they cope with
rising un-employment, falling home values and shrinking investment
portfolios. Amid such pullback, combined with shareholder pressure, falling
profits, and uncertain future demand, corporate cost-cutting has accelerated
in recent months. All this is contributing to the longest and steepest recession since the 1930s.
This business briefing provides an overview of the key business process outsourcing locations across the world. It highlights the current situation and the long-term future trends in the offshore information technology, banking and pharmaceutical sectors, as well as recent developments in the global contact centre industry
Economic and office market overview and outlook July 2009
Despite the major economic downturn and huge job-loss projects, to date New York City’s decline has been modest. This Special Report on the outlook for New York City examines possible explanations for the slower employment decline and what lies ahead for the New York economy and office market.
Large Asian economies have continued to grow through one of the worst global recessions; nonetheless office markets will take time to absorb the supply coming on stream given the weaker rate of tenant demand.
For more insight, LISTEN to Megan Walters' podcast.
The best that can be said about the current environment is that it won’t get any worse, and is more likely to show improvement sometime in late 2009. For the Americas’ real estate markets, which tend to lag economic performance, this means a recovery is likely in 2010.
For more insight, LISTEN to Ken McCarthy’s podcast.
Our Global Consulting experts take a look under the hood of the proposed replacement of FAS 13- "Accounting for Leases." The standard would replace all obligations considered to be operating leases with capital lease treatment. This would result in a vast and significant shift in financial statement presentation and financial metrics across all industries. This business briefing examines key aspects of the proposed standard and how it could potentially affect the decision-making process for commercial leases.