Boardrooms are facing a year of potential surprises in a post-Brexit economy where flexible strategies and informed strategic thinking are becoming critical skills for managers.
This challenging environment has been highlighted by yesterday’s economic forecasts from the IMF, which suggest global growth will slow because Brexit ‘has thrown a spanner in the works’, yet even its chief economist admits it is still very difficult to predict what will happen next.
The IMF now needs three scenarios to cope with the ‘exceptionally uncertain’ environment, although it is consistent in predicting decline.
Yet on the ground, there are suggestions that businesses are being pessimistic about the future despite admitting they have yet to see any significant impact from Brexit.
Many car dealers seem to think the same, reporting healthy demand from buyers in recent weeks, although the true picture is unlikely to become clear until the final quarter of 2016, according to Autovista Intelligence analysts.
High street spending may be declining, but that isn’t necessarily the fault of Brexit, as the dip coincided with bad weather, Euro 2016 and Wimbledon.
This makes it vital for business leaders to look beyond the figures to be more certain of what is really happening in the economy as they continue business as unusual.
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