Confidence collapses as businesses push for support in Queensland budget

Queensland businesses reported the sharpest confidence drop in two decades, surpassing pessimism seen during the 2008 financial crisis, according to the Business Chamber Queensland. The Pulse Report highlighted major concerns over costs and inflation, with chef-patron Andy Ashby warning that 20 to 30 percent of small businesses could close if conditions worsen. The state budget will be announced next Tuesday.

Summary by OZbrief Editorial · Brisbane Times · Source