Coronavirus wipes out British business confidence bounce: IoD survey

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Coronavirus wipes out British business confidence bounce: IoD survey
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The coronavirus outbreak has reversed a recent upturn in British business leader...

LONDON - The coronavirus outbreak has reversed a recent upturn in British business leaders’ optimism, with confidence now at a six-month low, a survey by the Institute of Directors showed on Monday.

But the outbreak of the coronavirus meant business leaders’ outlook on the economy turned negative in March 2020, with one in five survey respondents saying that the outbreak represents a high or severe threat to their business. The coronavirus outbreak which originated in the Chinese city of Wuhan has spread to more than 110,000 cases around the world, with over 3,800 deaths. There have been more than 300 cases and several deaths in the United Kingdom.

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