02-07-10
Global Economy on the Rise
Economic indicators from across the globe continue to register growth, causing many economist to dismiss the possibility that the major world economies will experience a double dip recession. Asia, which is led by China and Western Europe led by Germany, are leading the recovery however constraints such as continued high unemployment, the eventual withdrawal of extraordinary government support, restrained consumer spending and the rise of record low interest rates will ensure a slow and steady approach to increased demand.
Many businesses should use this time to bring back their export strategy to the table. It is time to revisit this strategy as a method to growth. With impending growth and market change, entry to new markets could be a key to a new competitve advantage.