News Formal

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

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines