Inflation and interest rate hikes make companies pessimistic as the economy loses momentum

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Inflation and interest rate hikes make companies pessimistic as the economy loses momentum Inflation and interest rate hikes make companies pessimistic as the economy loses momentum

Business confidence increased by one point to 0, which means that the number of pessimists is equal to the number of optimists. While the survey shows the economy is gradually cooling in response to higher interest rates, capacity utilization remains stable at a near-historic high of 85.1 percent. Andrew Hanlan, senior economist at Westpac, said […] The post Inflation and interest rate hikes make ..
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