Business confidence goes up – or at least it looks like up

By Daily Maverick Legacy 7 October 2009

Remember the book “been down so long it looks like up to me”? Probably not. Anyway, business confidence is apparently up nearly as high as it was at the end of the boom years. Huh? Even the SA Chamber of Commerce and Industry does not quite believe what its own survey, the Business Confidence Index, is telling it. As we note in a story on the issue, SACCI says about the latest findings: “Given the slow economic global recovery and low inflation and even deflation in the US, Japan, China and a number of other economies, it becomes apparent that markets may be too optimistic about the strength of the recovery of the global economy.”

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