Contraction is set to have a negative multiplier effect through the economy, says GIBS consultant 🔒
New data from listed technology group Altron’s financial technology unit shows that short-term credit extension, a key financial instrument for low-income households and small businesses, fell 12.3% between the first quarter of 2020 and the first quarter of this year.
Altron on Thursday launched a new index, called the Altron Fintech Short-term Credit Impact , which was created in partnership with Keith Lockwood, an independent economic consultant and faculty member at business school GIBS. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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