Businesses sink further into a mire of despond

Jenny Ruth
Thu, 28 Mar 2019

By Jenny Ruth March 28 (BusinessDesk) - Businesses are getting ever gloomier with investment and employment intentions now barely positive and cost pressures rising. Export intentions have fallen to near record lows - below levels at any time during the Asian and global financial crises. ANZ Bank’s headline confidence index shed a further 7 points in March and now a net 38 percent of respondents are pessimistic about general business conditions in the next 12 months. A net 6 percent still expect their own businesses to improve, but tha...

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