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The results of the Business Outlook Survey, conducted by the Eastern Central Caribbean Bank
(ECCB) in each of its member countries during the second half of 2010 indicate that, in
general, economic conditions for businesses for the period January to June 2010 deteriorated
compared to the corresponding period of 2009. In addition, businesses in the Eastern
Caribbean Currency Union (ECCU) expect that the general conditions will continue to worsen
during the period July to December 2010 when compared with the corresponding period in
2009.
The report highlights the most challenging problems identified by businesses over the period
January to June 2010, such as low sales turnover and low cash flow/debts/receivables. In
addition, business owners were concerned about high utility costs, the lack of skilled
employees and the economic performance of the United States. |
