The bankers too, on their part, mindful of the needs of their customers, have recently reduced their lending rates and it is expected to have a salutary effect on the credit off take in the system. Conclusion 23. These are challenging times for all of us and we need to be watchful of the unfolding developments.
The pace of economic recovery has also been sluggish for small businesses. These firms continue to report weak sales, although some recent indications suggest that sales have finally started to improve lately. Nevertheless, small business owners generally report that they remain cautious about overall economic prospects.