Just one of those swings

Article Abstract:

Circumstances suggest that the UK economic recession, forecast by experts for 1999, may not be as disastrous as the recessions of the early 1980s and early 1990s. The late-1990s boom has not created heavy inflation and there has been no increase in the current account deficit, two factors which cause recession. Actions of the UK government, including the granting of independence to the Bank of England, have helped promote domestic monetary and fiscal stability, and history indicates that there is no reason why the east Asian recession should affect other parts of the world.

United Kingdom, Economic aspects, Economic indicators, Recessions

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New pain, new gain?

Article Abstract:

Employee training has been strongly in evidence during the growth period of the 1990s. The economic slowdown could cause managers to cut back on training, but it could also have other effects. It could lead to a tougher approach to training, with schedules tightened, techniques examined, and the need to see revenue effects increased. It may lead to the development of a different type of training with a focus on skills related to judgement rather than techniques. Companies may also use training packages as a means of attracting good staff from rival firms.

Employee Training

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