SAN FRANCISCO — Visa USA remains optimistic about small business spending even as some economic experts have taken on a more cautious tone about the sector. The card brand has made moving business spending onto cards one of its key strategic goals.
Speaking at a Microsoft Small Business Summit, Wayne Best, senior vice president with Visa, struck a note of cautious optimism in his keynote presentation at the Microsoft Small Business Summit, based on his analysis of macroeconomic trends, Visa spending data and small business studies.
He recounted that macroeconomic data compiled and analyzed by Visa USA provided a mixed outlook. Although gross domestic product was robust in 2006, Best expected to see lower consumer spending growth, or personal consumption expenditures, in the coming year. PCE growth is forecast to rise at 4.9% in 2007, down from 6% in 2006.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
