There are several factors that may give rise to an economic recession, whether local or global, such as stock market crash, asset bubbles, credit constraints or natural hazards. And while it may be possible for governments and regulators to identify certain factors signaling an imminent recession and act on them early enough to prevent a large-scale recession, other factors cannot be foreseen so easily nor constrained.
Andrie Kypridemou, Manager, Corporate Recovery Services
