Business confidence hits new low

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New reports from Deloitte and BDO reveal that business confidence has decreased significantly and that the majority of FDs believe it would be better to delay investment.

After the country slipped back into recession in the previous quarter, Deloitte has now found CFO confidence saw the sharpest fall since their survey started in 2007 – the third major decline in five years.

According to the survey CFOs see macroeconomic uncertainty and the outlook for demand as being far greater influences on capital spending than the availability of finance.

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