1 in 2 European businesses abandon growth as high inflation begins to bite
· Over half (51 per cent) of businesses see inflation restricting their ability to grow and seize new opportunities · Six in 10 say that high inflation (59 per cent) and rising interest rates (57 per cent) will hit revenues and impact customers’ ability to paying on time and in full · Almost nine in 10 (85 per cent) of employees have already asked or are expected to ask for a pay rise in the next 12 monthsMore than half (53 per cent) of businesses across Europe have shifted their focus away from growth and towards cost cutting, in response to rising inflation and interest rates,