Business Research & Insights

Confidence rises amid a softening in conditions

Economic Update

Conditions steady with a small lift in confidence

The cost of doing business in 2025 is weighing on SMEs, with 3 in 4 expecting further increases. But many also plan to be proactive with a focus on technology to aid cost-reduction and revenue-generation to continue to thrive, grow and adapt.

We expect growth in the global economy to remain subdued out to 2026.

Easing inflation fears despite low unemployment

Economic planners flag more stimulus in the pipeline, but there may be a wait on the details

Total spending decreased 0.2% in November

A weak read as we head into late 2024