Business Confidence Tumbles

Summary


[Richard Curtin], the head of the Survey Research Centre of the University of Michigan and a consultant to the Jamaica Chamber of Commerce, said firms were more concerned with their financial situation in anticipation of how the new government would handle its budget deficit as well as the materialisation of policies in 2008 and 2009.

"You can see the drop in business confidence," said Curtin, speaking at the NCB Capital Marketssponsored event.

"Firms are more concerned with their financial situation because they want to see how Government will handle its budget deficit," said Curtin.

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Extract


Business Confidence Tumbles

BUSINESS CONFIDENCE fell in the fourth quarter of 2007, dragged down by expectations of slower economic growth, and weaker financia...

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