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Credi can help Aussie business owners prepare for the worst global recession since World War II

Credi can help Aussie business owners prepare for the worst global recession since World War II

 

The worst global recession since World War II: Deutsche Bank just unveiled a bleak new forecast as the coronavirus rocks economies worldwide

Deutsche Bank is the latest financial institution to forecast a global recession in 2020, and its second-quarter projections would be the biggest economic contractions in nearly 80 years.

Plummeting first-quarter demand in China will initiate the global slowdown before a similar hit is seen in the eurozone and the US, the team of economists led by Peter Hooper wrote on Wednesday. The coronavirus outbreak has already dragged major economies close to complete halts as quarantine orders and business shutdowns block consumer spending and leave companies rushing to shore up cash.

China will see its gross domestic product slump by 31.7% in the first quarter before rocketing to 34% in the following three-month period, the economists said. The US economy will grow by just 0.6% in the first quarter before slipping into a 12.9% contraction, they added.

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

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Credi is the World’s #1 loan management platform for private lenders.

  • Formalise your loan agreements online
  • eSignature functionality means no paperwork needed
  • Trusted by over 7,000 people worldwide
  • Takes minutes to setup
  • Track repayments online or through the Credi mobile track app
  • Option to secure your loan with borrower assets (PPSR registration, for Australian users only)

Credi the #1 lending management platform for friends family & their business

Formalise and manage your loan agreements online with Credi. Trusted by over 7,000 people worldwide. Takes minutes to set up

Use Credi for FREE – for all loans up to  A$5000, $5000, €5000,  £5000 . Loans over cost A$20, $20, €20,  £20  or other other local currency amounts (sales tax may apply)

Credi the #1 lending management platform for friends family & their business

Formalise and manage your loan agreements online with Credi. Trusted by over 7,000 people worldwide. Takes minutes to set up

Use Credi for FREE – for all loans up to  A$5000, $5000 / €5000,  £5000 . Loans over cost A$20, $20, €20,  £20  or other other local currency amounts (sales tax may apply).

Key Features

Credi Free

For loans up to A$5000
FREE
  • For loans up to AUD $5000
  • Create loan agreements in minutes
  • Multi currency support
  • Share agreements
  • Negotiate Loans
  • eSignature
  • Track Payments
Popular

Credi Premium

For loans over AUD $5000
$AU 20 Per Loan Document ex GST
  • Every feature in FREE
  • Loans over AUD $5000
  • Premium Support

Small Biz Owners Secured

Secured Loan Agreement. General Purpose PPSR Secured loan agreement
$AU 399 Per Loan Document ex GST
  • Loan Agreement set up done for you
  • Registered Security interest
  • Available in Australia only

Does Your Business Owe You Money? Don't be last in line to be repaid if things get Tough