Wishful thinking ... (Editorial).(recession and recovery)(Brief Article)(Statistical Data Included)

With the tailspin the world went into after September 11's terrorist attacks in the US, businesses worldwide are finding they have no choice but to brace themselves for an even harder and more prolonged economic downturn than they had feared and armed themselves for just a month ago.

Even as America, the world's most prominent broadcast, production, and post market, struggles to return to normalcy and "business as usual", Asia Pacific companies are strapping themselves in tight for a long and bumpy road to recovery.

Economic forecasts have been revised significantly ...