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article imageBusiness growth in UK shows promise that economy is recovering

By Carol Ruth Weber     Aug 11, 2014 in Business
Data released shows a steady rise in the economy for the UK. With the news of economic growth in the UK and Europe, this could be a good time to get economic guidance to grow a business or begin a new business internationally.
Whether you are a business owner or an employee there is evidence to suggest that the fallen economy is on the rise in the UK. As reported on Aug. 5 by Reuters there is now a sign that economic recovery is really happening for the UK. With data showing a growing economy, businesses will have a chance to grow as well.
A welcome gleam for new businesses looking to open in the UK and Europe.
The National Institute of Economic and Social Research released data to back up a promise of growth for the UK economy. Highlighted in the National Institute Economic Review the economy grew by three-percent in 2014 and is likely to continue growth in 2015. The report speaks of a steady rise in economic recovery and predicts that by later this year unemployment should drop below six-percent.
As further proof that the economy is picking up in Europe, American car manufacturers Ford and GM are reporting higher earnings and significant growth for their European business. Reported by Business Insider Australia Ford earned a European quarterly profit for the first time in a three year period and GM's CFO called GM earnings "profitable" with CEO Mary Barra noting the GM Opel Mokka is now the bestselling SUV in Germany.
Businesses are growing in the European marketplace.
With the news and data backup of economic growth in the UK and Europe, this could be a good time to get the proper economic advice to grow a business or begin a new business internationally. Companies are growing as they set new goals for moving up in Europe. Business and Leadership showcases the growth of AirSpeed Telecom, an international company with infrastructures in the UK and United States – its main headquarters is in Ireland.
CEO Liam O’Kelly explains their growth from only two engineers and one sales person in 2003 to a business that now employs 50 in expanded offices in order to handle its growing client base. Beginning a couple of years ago, the broadband for schools project chose AirSpeed Telecom as one of their main providers. O’Kelly goes on to say, “This project is firmly on track and will be completed before students return for the beginning of the new school year in September. AirSpeed Telecom will have provided a 100 Mbps service to a quarter of all secondary schools across the country, including a range of diverse geographical locations such as the Aran Islands”.
Fashionista reports a "massive growth" for Michael Kors in Europe stating "Among Kors's global markets, Europe's sales growth broke ahead with a massive 128 percent increase in revenue growth and a 54 percent bump in comparable store sales for the quarter, which ended June 28. That compares to 30 percent revenue growth in North America and 43 percent worldwide; overall sales clocked in at $919.2 million for the quarter". Executives of the company are very excited looking ahead at the massive business opportunities of possibly opening another 500 men's stores.
New businesses are entering and existing companies are now growing in the European markets. As the economy shows improvement in the UK and Europe, people can begin to breathe a sigh of relief. At a time of disruption and unrest in the world this is some welcome news for the economy.
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