Corporate Finance Briefing 2009
First Quarter, 2009
2009 is likely to be a year of threats and unprecedented opportunities for many companies. Our ambition is to help our customers strengthen their leadership, focus on their key strengths to beat the odds and serve clients even better
during those tougher times.
We believe that M&A and business restructurings will radically transform the shape of our global economy. For this reason we have decided to accelerate the release of our new Corporate Briefing to provide you with even sharper insights on how to strengthen your company leadership in the current environment.
We will remember that in 2008, the global financial system experienced its worst crisis since the Great Depression of the 1930s. The financial crisis is likely to burn USD 3,600 billion or loans, more than the GDP of China in 2007, only half of this loss being currently recognized.
Major financial institutions were bankrupted, others were bought up on fire sale or survived only after major bailouts. Global stock markets fell by more than 50 percent from their 2007 peaks. Interest-rate spreads spiked. A severe liquidity and credit crunch appeared. As the developed world is closing its first year of
recession, emerging economies are also feeling the pain of a recession resulting on millions of jobs being cut or reallocated. Many of the latest on the verge of a crisis had to ask for help from the International Monetary Fund.
Governments have reacted quickly. Most of the world economies have released massive stimulus and recapitalization packaged for the financial industry and the next step may probably be massive debt restructuring package for household. China again, has made a major push forward, announcing a massive USD 586 billion stimulus package aimed at reviving its slowing economy in
2009. It will not only have a positive impact on the Chinese economy but also will contribute to alleviate the burden for the rest of world.
Corporate Finance Briefing will be distributed by mail to all decision makers, experts, friends of the extended Roland Berger Corporate Finance family.
