Finance, Taxes, Insurance
Happy Y2K12: Get Set for Another Year of Economic Anxiety

The only certainty is continued uncertainty when it comes to the outlook for the global economy in 2012. For business aviation at least, it used to be assumed that you had to look only at the state of the world’s major stock markets to assess the market’s prospects. But share price fluctuations tell only a small part of the story these days.

The biggest forces shaping aviation’s destiny this year will be how the national debt crises in Europe and the U.S. are resolved (or not) and whether a full-blown global financial crisis can be avoided. This factor alone has the potential to destabilize the main Western economies, with a domino effect that could also undermine the situation in the key emerging economies in the East.