World heads for sixth year of crisis: something the Maya did not forecast !

What a relief! On the other hand, this is the only really good news at the end of 2012. Although the economic outlook for 2013 is far fromcataclysmic, it nevertheless remains very weak.

We are now entering the sixth consecutive year of crisis, a far shorter cycle than for theMayan calendar (5125 years!) but every bit as worrisome in terms of impact on companies' balance sheets. And no, the worst is not behind us - or ahead of us, for that matter.