Business confidence is up, but the economy is far off from a recovery
Business confidence is up, but the economy is far off from a recovery
14 January 2020
The Quarterly Survey of Business Opinion shows 32 percent more businesses are confident their economic situation won't worsen.
But the report suggests a GDP growth of just 0.1 percent, about four times under forecasts.
Senior Economist Jane Turner says recovery is unlikely with those numbers.
She says the momentum for the economic recovery to gain traction just isn't there, and further support might be needed.
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