Predictions of Small Business Recovery
Jan 26th, 2010 | By Dawn Rivers Baker | Category: EconomyNobody is doing the happy dance exactly but there are some rather more cheerful noises coming from hither and yon with respect to economic prospects in the near term. Economy watchers don’t expect a return to truly robust growth but, after what the U.S. economy endured during 2009, any sort of growth is welcome. So, for example, the American Bankers Association’s Economic Advisory Committee announced that the economy is on a sustainable recovery path and job growth will return this year. They are expecting to return to GDP growth that will average around 3.1% throughout the year.
At a point like this, it is sometimes instructive to step back and take a look from an outside perspective. So, I thought it would be intriguing to spend some time talking to Ainslie Waldron, author, consultant and ‘leading business thinker,’ who hails from Scotland, lives in Australia and works in both those places and the U.S. Like many others, Ainslie is predicting a major turnaround for the U.S. economy this year but she is specifying that the source of a return to good economic times will be small and microbusinesses that run smart, lean outfits — the sort that micros have been running for years. Those lean management techniques, she says, will absolutely turn the economy around. To listen to my full interview with Ms. Waldron, check out this week’s Microbusiness News Briefs Podcast.
