Business confidence drops 9 points to 13%

The business confidence in the country has taken a significant dive, with a 9-point drop to 13%, according to a recent OICCI survey. The survey reveals that a substantial 70-80% of firms are holding back on investment due to ongoing inflation, policy uncertainty, and supply chain disruptions. This decline in confidence underscores the economic challenges businesses face, which could further slow growth and potentially lead to higher unemployment rates. The situation highlights the urgent need for stable policies to restore investor confidence and economic stability.