Business confidence 'worse than it was during the GFC' | Sky News Australia

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.BizTicky says Tuesday's 'terrible' business confidence figures shows the sector is more pessimistic than it was during the depths of the Global Financial Crisis

Sky News Business editor Ticky Fullerton says Tuesday's "terrible" business confidence figures shows the sector is more pessimistic than it was during the depths of the Global Financial Crisis.

NAB’s monthly business survey found the confidence index collapsed to -66 points – which is the lowest on record – down from -2 points in February. The figures come as Treasury predicted unemployment would rise to 10 per cent in the June quarter.

 

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