At a dinner in late May hosted by Yorkshire Bank and The Manufacturer, directors of several manufacturing companies based in the north-west talked to Yorkshire Bank representatives about the events that caused the recession, current economic indicators, pension deficits, relationship banking, global competition, regulation and other issues affecting manufacturers today. Tom Vosa, chief economist at National Australia Bank (Yorkshire Bank) provides an economic overview of the last 12 months and a glimpse of what the future may hold.
He began by saying: “First the people around this table should congratulate themselves that their businesses are still standing despite some hard choices that they may have had to make, during some very difficult circumstances that we’ve all felt in the last 12 months.” Highlights of Tom’s assessment of the economy follow: The views expressed…
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