Franchise blog Nick Strong
Economic growth is now reality for a number of countries that were hit by the global downturn. Japan has come out of recession after its economy grew by 0.9% in the April-to-June quarter.
Recent figures show economies coming out of recession, including Germany, France and Hong Kong, a sign the global slowdown is easing.
Notably the economy in Japan has achieved growth mainly due to large governmental financial stimulus into the national economy. This may be a good sign for the UK which has taken similar action to boost our domestic economy.
Franchise growth
Clearly this news is good for franchise business in the UK and for franchisors trading or considering trading overseas. Consumer confidence grows on the back of good news and sales follow.
There is little doubt that the recession and its fall out will be with all for some time. The key is now to start building confidence with business and consumers. This will help accelerate growth for franchise owners and all business.
Economic growth is better than expected
The French and German economies both grew by 0.3% between April and June, bringing to an end recessions in Europe’s largest economies that have lasted a year.
Analysts had not expected the data, suggesting recovery could be faster than previously expected. That data was also better than had been expected, with the government subsequently increasing its forecast for growth in the whole year.
