Thursday, October 08, 2015

Fighting For Revenue in a Sluggish Global Economy

In 2015, many companies in the U.S. and abroad are fighting for revenue in a sluggish global economy and Ex-Im Bank's closing doesn't help matters.  A strong dollar and weaker growth hamper export efforts.  For example, U.S. exports of goods and services were down 3.5% from a year earlier in the first seven months of 2015.  Exports fell 3.2% in August, according to the Commerce Department.
Many foreign companies say they can't secure financing from commercial banks without some kind of government-backed financing or guarantee, which most developed countries offer through their own Ex-Im banks.
And yet there are alternative financing methods out there ...

Read more:  Ex-Im Bank's Closing Creates Gulf

No comments: