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Current business environment is 'still confusing'
The extent to which Britain's economy is still in a transitional phase has been highlighted by an editorial in Management Today.
By underlining the contrasting nature of two reports this week, the magazine has been able to draw attention to the unpredictability of the UK economy, specifically with regards to whether growth is returning or merely forming the middle prong of a W in the midst of a double-dip recession.
"From bubbling confidence to biblical warnings - the current business environment would scarcely be more confusing if a plague of locusts descended from the sky and started running the stock market," the article stated.
The two reports in question are those issued by BT Business and Begbies Traynor.
While the former notes that 75 per cent of small businesses believe the economy will be in recovery mode next year, the latter compares the current situation to that seen in the early 1980s, when signs of an upturn ultimately proved to be the precursor to a further period of recession.
This follows on from calls made by Neil Munroe, external director at Equifax, for companies to not get carried away by talk of a sustained growth.
He told Business Credit Management that firms should continue to utilise the skills of experienced risk management executives to reduce the threat of future bad debt.