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‘Stresses and strains in economy’ starting to show as confidence dips, ANZ warns –

Rising costs and falling business confidence may create dilemma for Reserve Bank.



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A dip in business confidence and growing cost pressures in early April shows that stresses and strains in the economy are starting to show, ANZ chief economist Sharon Zollner says.
The bank reported that business confidence in the economic outlook slipped 4 percentage points in the first week of April, with a net 8 per cent of business owners pessimistic.
The drop followed a 7 percentage point decline in business confidence in March.
The proportion of firms reporting that they employed more staff…

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