- Bureaucracy threatens growth prospects
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Regulations and red tape are the greatest constraint to business growth, according to the Grant Thornton International Business Report, a global survey of 3,000 businesses in 40 countries.
Regulations and red tape was cited by 34% of the businesses, followed by shortage of orders/reduced demand (33%) and the cost of finance (22%).
The survey was conducted by Experian in May and June 2012 as part of the Grant Thornton International Business Report, a quarterly global business survey of public and private businesses, now in its twentieth year.
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