So, is it banks not being willing to lend of companies not being willing to borrow?
\”Demand is muted, though,\” said Ibbetson. Demand is down 25% and when loan applications are received, the amounts being asked for are 25% lower too.
Gosh, that\’s a surprise, isn\’t it? That in a recession, companies can\’t see reasons to borrow money to expand?
My word, whatever next. Water is wet perhaps?