Commenting on the outlook for SMEs as GDP figures narrowly avoid a recession in the UK, Douglas Grant (pictured), Group CEO of Manx Financial Group PLC, said: "Today’s GDP data shows the UK narrowly avoiding a recession. While of course there is much to be positive about today’s figures, we are still facing a bleak picture thanks to another year of expected sluggish growth. Last year bought a stormy and turbulent environment for SMEs and this announcement does little to suggest 2023 will be any better.
