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Growth in Bank Lending to US Businesses Since the Credit Crunch just Over Half World Average, Hampering Return to Economic Growth

Chicago, IL, Sept. 27, 2017 (GLOBE NEWSWIRE) — Bank Lending to the private sector in the US is just 14 percent higher in the last year than it was before the financial crisis – compared to a global average of 24 percent – hampering the return to economic growth, reveals a new study by UHY, the international accounting and consultancy network.    According to UHY, in 2016 a total of $9.6 trillion was lent to businesses in the US – down from $8.4 trillion in 2008.   By contrast, on average across all the 24 countries studied around the world, […]

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Growth in Bank Lending to US Businesses Since the Credit Crunch just Over Half World Average, Hampering Return to Economic Growth

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