HCL Tech CEO Vineet Nayar's ideas on how to navigate the new normal in 2013 - The Economic Times: "So, at the threshold of a New Year, we need to now let go of our glorious past and put all the intellect at our command to focus on forward action. First, the truth of today.
In his commentary on a weak global economic forecast for 2013, IMF chief economist Olivier Blanchard pointed out that 'familiar' forces such as a still-weak financial system were continuing to drag down advanced economy growth.
He cautioned, "More seems to be at work than these mechanical forces." He was referring to the "general feeling of uncertainty" that surrounds us.
I believe that this uncertainty has a far more damaging potential than the looming fiscal cliff, the euro debt crisis or a weak financial system per se. If we look back at the Great Depression of the 1930s and the hard-fought recovery that followed, we note that determined business enterprise stood at the core of the upswing. "
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