| December 2009
From the Editor
As 2009 draws to a close, we complete a year of ‘mixed signals’ in the economy. At the beginning of the year, commentators and politicians alike encouraged us all to make ready for the worst economic conditions in a generation – conditions which largely have not yet emerged outside of the financial services world. With this as a backdrop, many businesses are eagerly awaiting the promise of the brighter outlook predicted for 2010. While upward interest rates may yet have an impact on the local economy, there is reason for cautious optimism as we approach another year. Whatever the impact of the past 12 months on all of our businesses, there is no doubt that the threat of a major downturn has pushed many of us to review our operations. This has to be a good thing from an ongoing management perspective. Looking at our MSI grouping, this year we have continued to build on our connections around the world. We are pleased to report that in spite of economic conditions collectively we have seen quite a number of successful national and international cross-boundary business transactions amongst our clients. The Australia and New Zealand MSI members held their bi-annual face to face meeting in September in Adelaide. We really value these gatherings as they foster greater working relationships and potential business dealings. It also provides an opportunity to discuss pertinent business issues with other like-minded businesses. In closing for 2009 I would like to take this opportunity to wish you all a wonderful Christmas and New Year and I look forward to sharing more news and updates with you in 2010. Jim Smith
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