In this week’s edition of Radio 4’s The Bottom Line presented by Evan Davis, guest James Reed, chairman of recruitment specialist Reed, pointed out that, even a 6% reduction in GDP leaves us with 94% of the economy – much bigger than it was in, say, 1981 - & offers lots of opportunity for those who can innovate & find new ways of doing business.
For the rest of us it is also worth remembering that, although we have grown accustomed to the idea that a house is by the far our biggest & most important asset, in times like these, the only asset really worth having is a job.
As the unemployed realise only too well.