C2C Resources Comments on Global Recession Projection by Economist David Levy

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American economist and author David Levy recently released a statement that the world economy is headed for a global recession in 2015. C2C Resources comments on how this could affect US business outlook for the upcoming year.

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While we are not financial forecasters, we strongly urge businesses to be cognizant of both the U.S. and global financial forecasts. This is a great time for business owners to review their cash flow forecasting...

C2C Resources, a global commercial debt collection agency, released a comment today following last month’s statement by American economist David Levy: there is a 65% chance of a global recession by the end of 2015.

In a Bloomberg article titled “Predictors of ’29 Crash See 65% Chance of 2015 Recession” (November 10, 2014), staff-writer Simon Kennedy reports The Jerome Levy Forecasting Center, run by David Levy, is reporting a financial forecast contradictory to those of Morgan Stanley and Goldman Sachs Group Inc. Levy argues that because the U.S. economy is closely tied to its international allies, like Europe, should a global economic downturn occur, the U.S. would be brought down with the rest of the world economies.

“While we are not financial forecasters, we strongly urge businesses to be cognizant of both the U.S. and global financial forecasts,” said Todd Tinkler, President of C2C Resources. “This is a great time for business owners to review their cash flow forecasting for next year and adjust it according to the latest world financial news. You never know how the financial ripple effect could take a toll on your business.”

C2C Resources believe cash flow projection is an important aspect of business management for any size business, especially during a time of economic unrest. Businesses should consider the affects a global recession could have on their business; compared to the previous nationwide recession.

Experts at C2C Resources believe if a global recession occurs next year, growth within the small business industry should hold stable in most sectors. Nevertheless, the company cautions businesses to plan accordingly so they are not surprised by financial problems.    

“Should a global recession hit, it would hit industries that function globally and are interest-sensitive,” said Tinkler. “This includes industries such as: exporting, commercial construction and automotive.”

About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.

C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.

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Trey Cefalu
C2C Resources
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