Nursery World - What recession? (1)

The hard times that are facing other sectors may spell good times for childcarers.Mary Evans finds out why As nursery proprietors and managers look to the New Year, do they see 2002 as a time to expand and take advantage of low interest rates and a static property market, or as a period to consolidate and counter the threat of recession, or even a time to contract?

As nursery proprietors and managers look to the New Year, do they see 2002 as a time to expand and take advantage of low interest rates and a static property market, or as a period to consolidate and counter the threat of recession, or even a time to contract?

A straw poll of nursery managers from across the country found people very positive about prospects for the coming year. Most reported that the benefits of low interest rates outweighed any anxieties about the economic outlook. Indeed, it seems that recession is not necessarily a major problem for childcare settings. Historically the sector has survived, and by some criteria prospered, during previous downturns in the economy.

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