The macro economic climate is deteriorating. The situation resembles the fall of 2008, when the global financial crisis hit the markets. The debt crisis is the result of the financial crisis of 2008-2009. The Belgian stock index Bel20 is on its lowest level since fall 2008, there are rumours about the nationalisation of certain banks and the economic growth is slowing down. Many companies fear a ’double dip’ scenario. For economies which are still recovering from the past financial crisis, the new debt crisis could prove fatal. Greece has a high possibility of default.

Most companies reacted to the financial crisis in 2008 by cutting costs very fast. Marketing, Human Resources and overhead costs were the domains which lost the most. Budgets were cut, personnel was fired or unable to start, and new projects were postponed.

However, companies who used sustainable, smart and above all structural cost savings measures, have more chance to avoid impact from the new debt crisis. Let the different experts of Bridgewater assist you in saving money, using the best methods possible. Don’t wait until it’s too late! Rating agency S&P predicts a wave of defaults in 2012, don’t let your company be one of them!

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