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Corporate Confidence Could Undermine Recovery

Monday, 11 Oct 2010 | 6:35 AM ET

Uncertainty is a huge problem for the future of recovery, as companies lose confidence in the government and in export markets, David Sear, Global MD for TRAVELEX told CNBC. "You can hardly blame them, really," he added. He said if the government is clear on the scale and timescale of cuts and the future of QE, then confidence will respond accordingly.