Almost half of WA firms are expecting economic conditions to worsen, a report has found as the country faces a $14 billion pay cut because of falling iron ore prices.
A WA Chamber of Commerce and Industry business expectations survey, to be released today, shows conditions across the State are weakening quickly despite record mineral exports.
The decline in consumer confidence has now hit business operators, with more than a third reporting a fall in sales over the past three months.
Small business and manufacturers are doing it particularly hard, with almost one in two going backwards.
Almost 30 per cent of firms surveyed shed staff during the past three months.