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Experts urge calm over economy fears

Gloomy economic forecasts for 2008 are causing concern among managers at small to medium-sized enter...

Gloomy economic forecasts for 2008 are causing concern among managers at small to medium-sized enterprise businesses.

However, reports of an impending recession are nothing more than an exaggeration, according to a senior economist from HSBC.

Mark Beresford-Smith said that while 2008 would undoubtedly be a slower year for SMEs, it was important for those involved with the industry, including managers of SME brokers, not to get carried away with scaremongering media reports.

He noted: "Most

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