Invoice Factoring Blog

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According to World Bank’s Global Development Finance Report released on June 22, projections include an 8 percent growth for India in 2010, which will make it the fastest-growing economy and overtaking China, which is expecting 7.7 percent growth. The Indian economy's growth rate this year has been revised upwards to 5.1 percent from an earlier projection of 4 percent, while China’s 2009 GDP growth rate was raised to 7.2 percent from World Bank’s earlier forecast of 6.5% due to the success of the government’s stimulus package.

The global economy prospects remain ‘unusually uncertain’ despite recent signs of improvement in some parts of the world, says this report. The bank has also cut 2009 growth projections for all other economies and expects the world economy to contract by 2.9 percent this year.

With these dismal global financial reports, businesses in the U.S. may need help with growth throught he end of this year. Invoice factoring is one strategy that can help. Those companies with a strategy to deploy invoice factoring on a monthly basis, are better equipped to pay bills and employees.

For more information on invoice factoring, go to www.ifgnetwork.com.