Friday, October 07, 2016

Has Brexit Dampened SME's Appetite for Global Expansion?

©iStock/egal
Research in the aftermath of the EU referendum has found small businesses are more upbeat about their international growth prospects than their domestic expansion.
Almost half (47.8%) of more than 1,000 businesses believe they will see growth in international trade activity and only 5.5% think it will deteriorate, according to a survey by East & Partners on behalf of Western Union Business Solutions.
What this really tells us is that a new, nimbler UK might be benefiting from being cut loose from the EU -- having a greater sense of optimism about the future on business opportunities.  Only time will tell how it all nets out.

Read more:  Small businesses buoyed by global possibilities after Brexit

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