PalletTrucksUK Urges Businesses to Push Forward as Global Economy Recovers

PalletTrucksUK Urges Businesses to Push Forward as Global Economy Recovers

The news that Britain’s economy has showed signs of picking up pace as a result of the global economic recovery, warehouse and materials handling suppliers, Pallet Trucks UK, has urged businesses to make the most of this upturn in fortune to enable them to compete and maintain a strong hold of the economy.

Rising exports, combined with a strong demand from households, has been highlighted as critical factors driving the UK forward as it emerges from an edgy 10 months post Brexit vote. Add that to the still uncertain global economy as a result of the recession which took hold almost a decade ago, those who have weathered the storm have been through many ups and downs.

Phil Chesworth, Managing Director at PalletTrucksUK, said, “With such an unsettling time leaving many businesses feeling downbeat, the news that the economy is on the up in the UK will be music to many leader’s ears. Adding an air of confidence to a business going forward, now is the time to take steps to cement their place in business world to ensure they stand the best chances of survival going forward.”

The news was released after analysts at the Organisation for Economic Co-operation and Development (OECD) looked at the economies of 30 developed economies. Stating that there are “tentative signs of growth gaining momentum”, they measured business orders, corporate confidence, and stock market moves to in a bid to anticipate moves in the economy over the coming six to nine months.

The OECD’s reading is not quite up to the long-term average of 100, but is not far off. The indicators show the 30 developed OECD economies should experience “stable growth momentum” over the coming months, with countries including France, Italy, and Japan all steady. The United States, Canada and Germany’s economies however are all expected to gain momentum.

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