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business climate deteriorates further

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Economic activity continued to slow down in the second quarter of 2024, according to Reunionese business leaders interviewed by the Overseas Departments Emission Institute (Iédom).

They declared lower activity and workforce levels over the quarter and anticipate a continued deterioration in their activity and decline in their workforce in the third quarter.. The balance of twelve-month investment forecasts also becomes negative again. Business investment is also poorly oriented, the business climate indicator falls by 4,8 points to settle at 93, below the long-term average.

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