Business confidence lifts but still points to recession - ANZ

Tue, 30 Jun 2020

Business confidence continues to improve as the economy returns to normal but still points to a recession, the latest ANZ business confidence survey showed. “A vigorous bounce out of lockdown is evident in the numbers, but the levels are consistent with our view that the recession is just starting,” said ANZ chief economist Sharon Zollner. The latest data show a net 34 percent of respondents expect the economy to deteriorate in the coming year versus a net 42 percent who were negative in May. In the preliminary reading for June a net 33 p...

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