Corporate lending expected to shrink in 2012

CORPORATE lending is expected to shrink 6.2% in 2012, according to the Ernst & Young ITEM Club.

In its outlook for financial services the economic forecaster said the decline would be at a similar level to that seen in 2011.

However, consumer credit conditions have worsened, meaning an earlier prediction of 7.6% decline has been revised to 10.5%.

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