External Influences – Macro Economic Factors

There are aspects of the economy that are out of our control and can impact businesses. The nature and location of your business, and type of product or service that you provide, will all affect how susceptible your business is to these fluctuating economic factors.

Examples of such economic factors include but are not limited to:

  • Changes in Interest rates, Exchange rates and Tax rates
  • Inflation
  • Recession
  • Legal rules and regulations
  • Pandemics

Any of these factors can arise or change at any time during a business’s lifecycle.

HSBC can help and advise on how to prepare and put appropriate measures in place to deal with such changes, in order to reduce the impact on your business.

Please contact us if you would like to discuss Macro Economic Factors.

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