The air is thick with doom and gloom. We are on the verge of economic meltdown, mass business failures, mortgage defaults and house repossessions. At least that's the impression we are given by acres of newsprint and television programmes analysing both the political woes of the Government and the potential fall-out from what has become known as the 'credit crunch'. But what impact will this really have on the business of childcare?
If you look at the calamitous decline in value of the world's largest childcare company, the Australian-based ABC Learning Centres, the doom-mongers would appear to be right. In February, its share price plummeted 43 per cent in two days amid concern about its huge debts.
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