Hong Kong, Hong Kong (PressExposure) August 14, 2009 -- /1888PressRelease/ Confidence in the global economy is once again rising, as most analysts agree that the worst of the US recession is over. However, Zetland Corporate Services believes that the lessons of history show that caution in business outlook is still necessary.
The Asia-based investment management service sees the root of the current problem in leveraging of assets, the removal of financial regulations and status-based financial mismanagement. These causes are not seen to have changed significantly over the term of the crisis.
The business consultancy service is recommending companies still undertake activities that are aimed at reducing costs and making savings in the medium term, such as: â¢ Creating offshore investment businesses for significant tax savings â¢ Outsourcing invoicing, trade financing and accounting for operational savings â¢ Corporate offshore banking for greater flexibility and reductions in fees
Zetland Corporate Services also points out that with the size of the debt incurred to help solve the crisis, growth will be slow and tedious for some time. The US bailout package has cost more than the race to the moon, the Marshall plan, World War II, the Korean, Vietnam, Gulf and Iraq wars all put together.
According to Jason Weatherhead of Zetland Corporate Services, the end of the recession looks a lot like the recession did. "The global sentiment is a lot more positive; however this will be a slow process. It makes sense for people to continue to improve business processes, and keep looking into improvements like corporate offshore banking and company formation services overseas, for example".