There is nothing that we can do about this recession

There is nothing that we can do about this recession

Without doubt the main topic dominating the news is the current economic crisis, and it appears certain that it is going to get even worse.

You could say “There is nothing that we can do about this recession; it is out of our hands.”

To some degree that is true, there is nothing that we as individuals can do about the recession. How long it will last or deep it will cut is out of our control.

What is more it is world wide; affecting everyone from governments, major industrial and commercial organisations, small businesses and individuals.

All of the news is full of gloom and doom, but in the dim and distant future there is one certainty, at some stage there will be a recovery. Exactly when I don’t know, but it will happen, and when it does, things are not going to be the same.

Banks will be more regulated and the days of easy finance will have gone. Employment and property markets will have changed, some traditional industries will have declined, but others will develop and rise to replace them.

As an example, the UK Government have recently announced the “Digital Britain Report”, which is to be issued in the spring. Digital Technology and the Internet are seen as playing a major part in the future economic growth of the country.

They are proposing implementing a massive engineering project to update telecommunication systems and make high speed broadband available to every household in the Great Britain by 2012.
It would appear that the infrastructure will be put in place, but people from all walks of life are going to have to adapt, and may have to change careers or learn new skills if they are going to be part of this global digital economy.