And because the budget authority targeted by the law typically gets spent much faster in operations and maintenance than in other areas, it is there that the pain will be felt fastest.

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Now, with the cuts around the corner, it is trying to play down perceptions that the pain will be felt immediately.

WSJ: Fiscal Pain to Be Parceled Out Unevenly

That such a landmark business is now in administration is a shock that will be felt across the industry, though hope remains it will be saved.

BBC: Botanic Inns chain in administration

First, the poll itself, which was conducted by SEI, a provider of fund processing and investment management outsourcing services. 86% of the 275 advisors polled felt that the economy will be better or the same in 2013 than it was in 2012.

FORBES: If Your Clients Are Worried, You Should Be Too

It is true that the effects of both Asia's troubles and the strong dollar and pound will be felt by the tradable sector, particularly manufacturing.

ECONOMIST: A monetary tug-of-war

In particular, it must persuade poor countries, which felt short-changed by the previous Uruguay round, that a Doha deal will be good for them.

ECONOMIST: Trade