Nearly half of UK firms predict recession this year

One-third also predict global recession

Nearly half of all firms in the UK (46%) and US (45%) predict their country will enter a recession in the coming year, while 40% of Chinese firms expect the country to maintain a growth rate of 6-7%.

The new research from trade finance provider Stenn also discovered that over a third of UK (37%) and US (35%) firms anticipate a global recession or international global crisis in 2020. What does the global economic downturn mean for infrastructure investing? More than 700 senior executives at medium to large-sized businesses across the UK, US and China were asked for their opinions on various economic issues facing their own nations, as well as potential global concerns. In the UK, 33% of firms expect the economy to shrink and 14% believe it will do so by 1-3%, while 6% believe it...