LONDON: There is a significantly higher level of business confidence in Wales compared to other countries and regions of the UK, a leading economic analyst has said.
Speaking at the launch of the Grant Thornton UK Business Confidence Monitor Report, associate director James Roberts said: “We are facing headwinds with a decline in exports, which can be traced to the slowdown in the Chinese economy, and the quarter one contraction in US GDP has given cause for concern.”
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The EU referendum, he said, had also given a cause for concern with 40% of all Welsh exports going to EU countries, so an exit would have a direct impact.
