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Business confidence in economy low, says HIE report

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Confidence in the economy among some Scottish businesses is at its lowest level in two years, according to a Highlands and Islands Enterprise (HIE) report. The Scottish government agency surveyed 1,013 firms in its area,
The article from MSN discusses a recent report by the Hawai'i Institute for Employment (HIE) which highlights a significant dip in business confidence in the economy. According to the report, only 35% of businesses surveyed felt confident about the economic conditions, a stark contrast to previous years. Factors contributing to this low confidence include ongoing supply chain disruptions, labor shortages, and the lingering effects of the global health crisis. The report also notes that while some sectors like technology and healthcare are showing resilience, others such as tourism and retail are struggling to recover. Businesses are particularly concerned about inflation rates, rising operational costs, and the unpredictability of future economic policies. The HIE suggests that government intervention through policy adjustments and support programs could help alleviate some of these pressures, but there remains a general atmosphere of uncertainty among business leaders.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/business-confidence-in-economy-low-says-hie-report/ar-AA1AfKJp ]