KPMG: Business confidence doubles in a year

Nearly half of the senior executives polled in KPMG’s National Business
Survey think their prospects are good compared to just 22% in the first

But the spring survey revealed the lowest levels of optimism since the survey
began in 2004. 37% of executives rated their prospects as poor at the time. This
figure has since improved to 25%, the Telegraph reported.

Whether the economy has bottomed out is a contentious issue, KPMG head of
markets Malcolm Edge said. ‘Opinion is divided over whether the economy has
dipped to its lowest point or whether worse is yet to come, with 55% believing
the bottom of the cycle has been reached and 42% fearing we remain on the
downward curve.’

Despite improved confidence, one in three businesses report that they are
experiencing financial difficulties.

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