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Issue 166 - June 2008

Leader - A World of Difference

by Chris Furness, Global Head, Cash Management and Alex Barrett, Head of Client Research, Standard Chartered Bank

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Following a decade and half of generally strong growth and benign economic conditions, the world is in the midst of a very serious financial crisis resulting in weaker global economic growth. The epicenter of this turmoil is the US and in particular the US consumer but the ripples have spread out around the world. However, the effects are not uniform: there are great differences in the fortunes of companies, markets and economies and this has profound implications for both cash management and overall working capital management.

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