It’s official – a recession is here but Foresight can help
It feels like it’s been a long time coming but today the UK is technically in the grips of the ‘R’ word for the first time since 1991. Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter which represents the biggest quarter-on-quarter decline since 1980. This means that the widely accepted definition of a recession - two consecutive quarters of falling economic growth - has been met.
We have been dutifully posting news and updating our drivers to reflect and analyse the effects of the changing economic climate on the VCS since the crisis started last year.
Here are some of our most useful links to help you think through some of the opportunities and risks for your organisation and navigate your way through the recession:
Updated drivers
- Economic downturn
- Credit Crunch
- Housing market
- Consumer spending and confidence
- Interest rates
- Consumption culture and personal debt
- Labour market
- Stock market performance
News analysis
- Opportunities for innovation - even in the depths of recession
- Four scenarios for the global economic downturn
- What we know about what happens to the sector in a downturn
- Presentation of issues to think about in a recession by Stuart Etherington (CEO, NCVO)
- More resources about the impact of the downturn on the VCS
- Summary from our seminar on the impact of an economic slowdown on the VCS
- Bank bail outs
- Impact on ethical consumerism
- Impact on giving
Discuss
How will this affect your organisation? Have you considered it during your strategic planning? Can you share any interesting relevant links?
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