Company managers downbeat on economic outlook

CMI chief executive Ann FranckeCMI chief executive Ann Francke
CMI chief executive Ann Francke
Confidence in the economy among company managers has fallen for the first time in five years, according to a new study.

The survey of more than 1,000 managers also found that almost two out of five expected to cut jobs in 2016.

The Chartered Management Institute (CMI) said fewer than two thirds of those polled entered the new year optimistic for their company and the country’s economy.

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