'Wales Can Counteract Downturn'

Western MailAugust 18, 2008

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Summary


The managing director of Newport-based chamber of commerce Ngb2b, David Russ, said that businesses in Wales were faced with tightening cashflow issues.

On the BCC's latest quarterly survey he said: "What this forecast points to is a significant weakening of business and consumer confidence. Granted, the risk of a true recession may be something of a self-fulfilling prophecy, but spiralling costs and cashflow issues are of very real concern to businesses in Wales.

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'Wales Can Counteract Downturn'

"From conversations with members of Ngb2b it is appar...

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