By GRAHAM HISCOTT Deputy Business Editor COMPANIES face five more years of turmoil as the recession triggers a new world order, a report has warned.
Pandora Beads WholesaleAccountancy firm BDO says the downturn was fuelled by a "carousel of cheap goods from China", paid for with debts.
Yet with banks clamping down on lending, it is now harder to borrow money.
replica balenciaga handbagsBDO's report, with the Centre for Future Studies, claims companies became addicted to low-cost credit.
The study says: "We believe the next five years will be precarious for companies with high levels of uncertainty, risk and complexity. "Although we will see recovery, the word will have a new meaning. We will not return to how things were."
rolex fakePeter Hemington, a BDO partner, said: "Businesses need to think carefully about how the world is changing and reinvent themselves so they survive and thrive in the new environment."
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