Economic turmoil crushes business confidence | AccountingWEB

Economic turmoil crushes business confidence

As the final quarter of the year approaches, the economic outlook remains fragile with declining business confidence and ongoing fears of a double-dip recession.

ICAEW and Grant Thornton’s latest Business Confidence Monitor (BCM) shows a steep decline in confidence as economic turmoil impacts on businesses’ plans for the future.

In the third quarter the BCM confidence index fell from +13.7 to +8.1 and is now at its lowest level since Q3 2009 when the country was still in recession.

In the past week in particular, AccountingWEB has also seen a flurry of interest in economic issues, highlighting a reinforced north-south divide and growing concern over double-dipping.


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.