By AFP
Channel News Asia

Tuesday, 27th October 2009

SYDNEY: Australian business confidence has shot up to a near seven-year high after the economy's strong performance in the global downturn, a survey said on Tuesday.

National Australia Bank's (NAB) quarterly survey showed a 20-point leap to positive 16, the highest level since early 2002, meaning optimists outweigh pessimists by 16 per cent.

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