We have all heard over the last few months the constant dialogue that a recession is looming. Whilst we have witnessed high inflation due to the increased energy and food costs and the rising interest rates, the dreaded “R” word is not as yet upon us in our opinion.
It is interesting when attending professional workshops to listen to the business community often stating that trading is buoyant with no sign of a significant downturn. However we have heard there are often challenges to be addressed in order to grow further, most notably with problems recruiting suitable staff.
Interpretation as to what point we are actually in recession is often open to debate from the pundits within the financial sector. The overriding opinion is that any downturn has been on a shallow basis and further encouragement has been provided by only a slight tinkering within the recent budget.
We can only comment on our own experience, but at Trevor Dawson we continue to be heavily involved across all property sectors, and whilst there are the obvious challenges within retail, and more particularly the effect on working from home in terms of office demand, the industrial sector has continued to thrive to levels we would have simply thought unachievable even as little as twelve months ago. In addition, the investment market is very active with organisations which are well funded and ready to move forward quickly.
We therefore envisage a steady growth economically throughout 2023 and as ever we are only a telephone call away to work with our existing and new clients when a pathway forward with sound professional advice is required.