I don't mean to be gloomy, but with endless reports about the credit crunch and recession, job losses and price rises, things are not looking too promising. It has been almost two decades since the start of the last recession and almost half the industry will never have experienced one before. So let's remind ourselves what we can expect and what we can do to minimise risk. The first point to make is that risk will increase. There is more chance of one of the parties going bust, or at least having cash flow difficulties, plus there will be less work around, which means keener prices and increased competition.
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