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Economy Poised for Notable Recovery, Including Rebound In Jobs, According to Phoenix Lending Survey
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| Contributor | Servo |
| Last Edited | Servo Dec 16, 2003 11:59am |
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| Category | News |
| News Date | Tuesday, December 16, 2003 06:00:00 AM UTC0:0 |
| Description | Commercial lenders across the nation believe the economy is poised to turn in its best performance in years, predicting that domestic loan demand will jump markedly in the next six months and that the job market will have rebounded by this time next year, according to the results of the latest Phoenix Management "Lending Climate in America" survey.
Sixty-one percent of the 120 lenders who participated in this quarter's survey said demand for corporate lending would be up, compared to 39 percent who said the same last quarter. Lenders were even more optimistic about loan demand by middle market and small businesses: 78 percent, each, said middle market and small business lending would rise in the next six months.
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