The global financial crisis has claimed many victims and the waste industry will not be immune to the credit crunch, industry experts have warned. Financial advisory firm Catalyst Corporate Finance research director Mark Wilson told MRW: "The waste sector is not going to be immune from the wider economic situation and as the economy goes into recession next year, minus 1 percent growth and bank lending contracts reduce by 10 percent, this is likely to affect anyone participating in the waste sector." Wilson said that "as commodity prices deflate across the world" waste and recycling businesses need to focus on three areas to weather the storm - cash management, restructuring operations and business models.
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