Thursday, March 26, 2009

McKinsey on Recession

"All four recessions, like the current one, began with falling sales and EBITA in the consumer discretionary sector and three with similar declines in IT. Consumer staples didn’t suffer significantly in the last three or health care in the last two. The energy sector was among the latest to be hit in three of the recessions, though it was among the latest to recover in all four of them. The exhibit shows the sequence of decline and recovery in these and other sectors."

More details in the article below (must register w/ McKinsey Quarterly)

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"Not by strength, by guile."