'Economy looks like it is running on empty' as business survey hints at looming recession

📆 24/06/2022 01:01:00
📰 SkyNews

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Business confidence is slumping, according to an important industry survey, as inflation surges and companies worry that customers are cutting back on spending

Companies who responded to the survey expressed levels of concern that suggest a recession is approaching with business expectations falling to their weakest point since May 2020 as new orders fall sharply.

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There's a difference between cutting back on spending and having no money to spend

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