Tighter credit and defaults are
expected to have a greater effect in 2008 than they did last year, a
survey of businesses in 14 countries affected by the fallout found.
Businesses expect slower growth and growing defaults in the remainder
of the year and into 2009, the survey sponsored by Atradius reported.
"While it seems natural to adjust your credit extension practices in
the face of a deteriorating credit environment, there is...
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