Business lending boost in 2021?
Alexander, in his latest market commentary, predicts lenders will become more willing to provide financing to companies in the year ahead.
"Banks have tightened up policies for lending to business borrowers, in recognition of economic weakness and uncertainty associated with the Covid-19 shock," the analyst says.
"But as the shock dissipates and confidence about economic conditions improves, banks will become more willing to finance business growth. The chances are good that their improved willingness to lend will coincide with the increased willingness of businesses to borrow and restart their capex plans."
He predicts a shift in bank lending policies as one of the factors supporting growth in 2020.
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