Roubini: Why Small Businesses Lag in Recovery
Small businesses play a critical part in job creation. While the government has rolled out tax incentives for hiring and credit incentives for small business loans, these policies have had limited effects. Overall, business owners are pessimistic on growth.
According to Roubini Global Economics, the survey demonstrates the recovery's unevenness. The small business sector is "clearly lagging behind," states a recent Roubini analysis. The survey draws attention to the stubborn U.S. unemployment rate - 9.6 percent in the latest government estimates - and whether unemployment can be attributed to structural or cyclical factors.
To read more of Roubini's analysis, as well as excerpts of reports from the National Federation of Independent Business, Federal Reserve Board, and the Federal Reserve Bank of New York, please visit Roubini Global Economics. Registration is required to view the article.
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