The Global Small Business Blog: Has Brexit Dampened SME's Appetite for Global Expansion?
Has Brexit Dampened SME's Appetite for Global Expansion?
Research in the aftermath of the EU referendum has found small businesses are more upbeat about their international growth prospects than their domestic expansion.
Almost half (47.8%) of more than 1,000 businesses believe they will see growth in international trade activity and only 5.5% think it will deteriorate, according to a survey by East & Partners on behalf of Western Union Business Solutions.
What this really tells us is that a new, nimbler UK might be benefiting from being cut loose from the EU -- having a greater sense of optimism about the future on business opportunities. Only time will tell how it all nets out.