My colleagues at the McKinsey
Global Institute, our firm's business and economics research arm, have analyzed
previous downturns and found that when individuals and governments focus on paying down debt, these efforts curb economic growth for three to five years.
For the
previous two WTM Vision Conference events in London Euromonitor International has supplied its Forecast Restatement 2009 and 2010 research, which looked at the impact the
global downturn has had on the economy and how the industry had responded.