75% of Bosses Fear Double Dip‏

February 19, 2010 by admin · Leave a Comment
Filed under: Economic Outlook 

According to a survey, it is revealed that more than three fourths British companies believe that the country faves a ‘double dip’ recession.
It would see the economy slide back into negative growth. Four in ten companies said that trackling the country’s huge debts should be the Government’s top priority. The British Chambers of Commerce said that after an election, we have to get a serious grip on the country’s public finances and escalating debt. It came as the Institute of Diretors said banks were turning down nearly 60% of companies seeking cash.

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