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Bureaucracy threatens growth prospects
01 Aug 2012
Signs of EU bailout economies beginning process of internal devaluation
Regulations and red tape are the greatest constraint to business growth, according to the Grant Thornton International Business Report, a global survey of 3,000 businesses in 40 countries.
Regulations and red tape was cited by 34% of the businesses, followed by shortage of orders/reduced demand (33%) and the cost of finance (22%).
The survey was conducted by Experian in May and June 2012 as part of the Grant Thornton International Business Report, a quarterly global business survey of public and private businesses, now in its twentieth year.
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