Disrupting the bear, a podcast by Deloitte
It’s impossible to turn on the news these days without hearing about trade wars, market volatility, and a potential global economic slowdown. Naturally, this is concerning for Canadian companies, with various national business confidence indexes jumping up and down recently.
Over five episodes, Deloitte will explore the causes of the slowdown and share stories, advice, and ideas on what Canadian companies can do to stay competitive and get ahead of the pack. While many companies may feel like it’s time to hibernate, if anything they should be taking the opposite track and look for ways to activate their business: investing when interest rates are low, expanding when others are holding back, testing new ideas that could move the needle and more. Tune in and hear about what Canadian companies can do to stay competitive and rebound ready for growth.
Quarterly economic outlook series
Stay informed about trends in the Canadian and global economy with quarterly economic outlook commentary by our chief economist, Craig Alexander.
The business lesson from 2019 is important and instructive. In past quarterly outlook publications, we stressed that businesses should prepare for potential shifts in the economy but not let financial risks paralyze them. As such, firms should make key capital investments and hiring decisions in alignment with their long-term objectives, not the short-term market movements. They should plan for what to do if a recession occurs, but do not implement it until the high-frequency and leading economic data reveal that the cycle has turned. This is especially critical now since we are in the late stages of a business cycle and growth has slowed to a more modest pace. This leaves the economy more vulnerable to risks, which are currently plentiful and difficult to predict due to their highly political aspect.
This is one of the topics Deloitte Canada’s chief economist Craig Alexander explores in our January 2020 quarterly economic outlook, entitled Politics aside, growth improves.
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The first step to maintaining confidence in any economic outcome is to start planning now. Become more resilient to events in the business cycle and position your organization to seize opportunities even in a potential downturn.
Learn more about how Deloitte can help you prepare for an uncertain economy, take advantage of the opportunities that arise, and emerge stronger than ever.