About one-third of the chief financial officers (CFOs) of small businesses who responded said credit was more costly, less available, or both as a result of the credit market turmoil. This proportion is up slightly from last September, when that sentiment was reported by about one-fourth of responding small business CFOs.
The macroeconomic situation The global economy is continuing to grow at a moderate pace. Growth in the US continues to take root – even though the recent data has been weak, apparently due to the harsh weather. In Europe, the very moderate and fragile recovery is continuing, with some concern of deflation.