“It suggests that a V-shaped economic rebound is even more unlikely than suggested by many standard economic indicators,” said Andrew Tilton, an economist at Goldman Sachs Group Inc. in New York, which sees gross domestic product growing 2.3 percent this year.
The National Federation of Independent Business’s index of small-business optimism has been near historic lows for 15 consecutive months, declining to 88 in December from 88.3 in November, the federation reported Jan. 12. During the four prior recessions, it dipped below 90 only once....
Lack of access to credit is also affecting small businesses disproportionately. The Federal Reserve reported Feb. 1 that banks were continuing to tighten standards for loans to small firms, while standards for large companies were unchanged.
Growth in 2010 “is going to be a challenge if the credit markets stay tough” and potential licensees aren’t able to borrow funds to open new restaurants, Sonic’s Chief Financial Officer Stephen Vaughan told investors in a Jan. 11 conference call"
http://www.bloomberg.com/apps/news?pid=20601109&sid=apZULWyXpqhE&pos=10
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