10 nations facing a severe financial crunch

Finance plays a key role in bringing the ambitious growth plans of dynamic businesses to life.

Central banks across the globe from the ECB to the United States Federal Reserve to the Bank of Japan have been required to pump liquidity into their economies to keep them afloat since the collapse of Lehman Brothers and the ensuing global financial crisis.

In 2009, more than 26 per cent of businesses globally cited a shortage of long term finance, working capital and the cost of finance as constraints on their growth prospects.

Each of these factors fell between 2010 and 2011 and this trend has continued in 2012 with 22 per cent of businesses globally citing all three factors, according to the Grant Thronton International Business Report.

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Greece

It tops the ranking for the economies most constrained by the cost of finance and a shortage of working capital.

Average percentage of businesses struggling for funds: 59%

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Vietnam

Average percentage of businesses struggling for funds: 59%

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India

Average percentage of businesses struggling for funds: 54%

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Italy

Average percentage of businesses struggling for funds: 42%

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Argentina

Average percentage of businesses struggling for funds: 40%

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Thailand

Average percentage of businesses struggling for funds: 37%

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Turkey

Average percentage of businesses struggling for funds: 35%

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Russia

Average percentage of businesses struggling for funds: 32%

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Georgia

Average percentage of businesses struggling for funds: 31%

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Ireland

Average percentage of businesses struggling for funds: 31%