The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Friday, 13 August 2010

Eurozone Growth Figures

Commenting on today's Eurozone growth figures, Dr Brian Sloan, Head of Business & Economic Policy at Greater Manchester Chamber of Commerce, said: "The Eurozone saw growth gaining pace in Quarter Two led by Germany, France and Spain, which is encouraging. Much of this growth can be attributed to demand in the world economy picking up in the emerging markets.

"For the UK this is bittersweet news. It suggests the outlook is positive for world demand and there are opportunities for our exports, though it can be no coincidence that the export-led growth in Europe has been led by countries that have supported their exporters with state-backed export credit schemes during the recession.

"The Chamber has repeatedly called on the Government to introduce such a scheme here in the UK, but to date it has not done so, putting our exporters at a clear disadvantage. Failure to act has inevitably held back growth and the much needed rebalancing of our economy, causing a permanent loss to the UK economy."

No comments:

Post a Comment