Friday, January 9, 2009

SMEs' confidence plummets


SMEs' confidence plummets
09-01-2009

Confidence among small and medium-sized businesses has hit its lowest point in more than a year according to a survey by HSBC. More than half of the respondents said they would cut costs to battle the downturn. The bank said it had so far lent more than $1-billion to the SMEs.

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