The British Chambers of Commerce have dismissed fears of a triple dip recession, and even predicted modest future growth in a new report.
According to the quarterly report, economic conditions had improved in the final quarter of 2012 compared to the previous three months, suggesting that the economy was slowly beginning to recover.
Instead of the triple dip recession that many had forecast and feared, the British Chambers of Commerce instead expect the next two years to be times of incremental growth.
The quarterly report has shown that investment, jobs and business activity all improved in the final quarter of 2012 – encouraging signs for UK SMEs and business owners.
‘This report confirms what we’d expected ourselves,’ said Gener8 Finance’s David Richards, ‘but I’d advise people not to get too excited just yet.’
‘While we may yet avoid a triple dip recession it doesn’t mean that things are going to improve straight away – economic growth is going to be gradual for the next couple of years.’
‘Business owners are still cautious when it comes to investment and future growth, so those of us in the invoice finance and discounting sector need to be on hand to help Britain’s SME markets with the funding to embrace any opportunities that may come their way.’
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