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Business confidence sharply down during... No 10

Date Uploaded: September 10 2008 12:26


During 08Q3, the RMB/BER BCI declined by a further 11 index points, from 45 during 08Q2 to 34 during 08Q3. Weighing down on business confidence was the deterioration of the global economic environment, as well as the fact that most businesses found themselves squeezed between rapidly rising costs and weaker domestic demand. The latest business confidence results foreshadows that economic growth could be rather weak during the first half of 2009.