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Businesses are feeling optimistic they could be in for a better 2025.
The latest Quarterly Survey of Business Opinion from the Institute of Economic Research reveals a net 9% of firms are expecting general economic conditions to improve.
This is a jump from a net 4% feeling downbeat three months prior.
Infometrics’ Brad Olsen told Tim Beveridge that it’s definitely a good sign, however at the same time, around 26% of businesses said they had less business activity in the December quarter.
He says this could indicate the recession continued through until the end of the year.
Olsen says there’s quite a clear feeling that while last year was tough, there are better things to come.
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