• Ava

Recovery slows as economy heads for recession


Business output rose for the third consecutive month in July, spurred by the lifting of lockdown restrictions, However, BDO's index rose by 6.7 points to 73.2 in July - less than the 11.16 points added in June – indicating that the pace of recovery is slowing as the economy prepares to enter recession. Kaley Crossthwaite, a partner at BDO, said: “The latest data suggests we might be approaching a plateau in our economic recovery. While the reopening of the hospitality sector has provided a much-needed uplift, the capacity restraints caused by social distancing, as well as pressures on UK manufacturers imposed by weakened overseas demand mean this growth is likely to continue to slow.”


Read more: The Independent


https://www.sardison.co.uk/

1 view
Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2020 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

Website Designed by AVETON Design