Business conditions are set to improve over the next 12 months although the cost of borrowing and issuing debt will also rise, according to a survey carried out at the Association of Financial Professionals (AFP) annual conference in San Diego, US. Over 50% of finance professionals believe the re-election of George W. Bush will have a positive impact on business conditions in the US, 17% foresee a detrimental impact while 29% predict little change.
The finance professionals are far less equivocal about base rates, however, with three quarters of respondents saying that Alan Greenspan at the Federal Reserve will increase interest rates during 2005.
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