Reducing number of transactions, plunging equity markets, falling consumer confidence, tumbling oil price, … Could any month be worse than December 2008 ? Amid this turmoil, or shall I say in spite of this, we decided to launch our PwC Belgium Transactions blog. Because we want to communicate with our clients on the transactions environment relevant to Belgium.
The talk of the town these days is “when will the market catch up?”. Few months ago it was “after Christmas”, now some say “forget 2009”.
Our English colleagues in Debt Advisory are publishing an interesting paper on the Debt Market Outlook for 2009. Q1 2009 could see a temporarily return of some level of liquidity. After which the impending worsening of the recession will force the intensive care departments of the banks to run on double shifts.