The swift end to the Iraq war has brought forward opportunities for the re-establishment of world economic growth, which has been in the doldrums over the last 12 months. Despite this gloomy environment, the UK economy seems to have performed relatively well through 2002, in comparison with its European neighbours. This is according to the latest Economic Update report (May 2003) from GERLING NCM, one of the world’s leading credit insurance and receivables management companies.
The report - the latest in a series of bi-annual reviews prepared by a team of GERLING NCM’s in-house economists - cites the ongoing impact of the bursting of the stock market bubble as one of the main factors that will continue to hamper growth in the year ahead, along with the Iraq war, and now SARS (Severe Acute Respiratory Syndrome).
