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Economy slides into recession

Germany's economy shrank by 0.1 per cent in the second quarter compared to the quarter before, the state statistical agency said 14 August 2003, confirming the country slid into a shallow recession. The second-quarter figure follows a 0.2 per cent...

#confirming#economy#Jobs

Resona bailout causing concern to SMEs

In Tokyo, the US$17bn bail out of Resona bank is being hailed as a promising first step towards fixing Japan's…

#bank#financial services#smes


ECB holds rates steady despite euro strength

The European Central Bank (ECB) held interest rates steady at its monthly policy meeting on today (8 May 2003) despite…

#bank#Boost#inflation


Small Enterprise Development Corporation disburses $949m loans under SME...

The Small Enterprise Development Corporation (Sedco) has, since 2002, distributed loans amounting to $949 million to over 1,557 borrowers under…

#GDP#smes#unemployment


‘Flawed economic policies’ that are damaging SMEs and big...

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…

#Paid#poland#smes


SMEs’ fears over economy grow although staff cutbacks will...

Small and medium-sized companies are increasingly pessimistic about the future of the domestic economy but still have no plans to…

#bank#recession#small businesses


Central Bank downgrades its economic growth forecast to 3%

The Central Bank of Ireland has signalled a marked slowdown in economic growth here next year, suggesting the economy will…

#bad debts#bank#interest rates


Macao to support development of SMEs

China's Macao Special Administrative Region (SAR) plans to take a series of measures to support the development of small and…

#banks#economy#smes


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