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Surveys by the group have shown business sentiment weakening for three consecutive quarters, he said.
However, Claus Stig Pedersen head of corporate sustainability at Novozymes, said the past five years had shown business could not tackle climate change without a strong political deal.
Whatever you think of the Dirty Digger's politics, you've got to hand it to Murdoch - his handling of the Dow Jones battle has shown business brilliance and he has left the Bancrofts looking more dysfunctional than the House of Windsor.
He noted that surveys have shown business people are becoming more optimistic, but added there was little hard data to support his gut feeling that the worst was almost over.
Since then, empirical investigation has shown business investment to be less responsive to interest rates and more dependent on businessmen's expectations about future demand and profit, technical changes in production methods, and the expected relative costs of labour and capital.
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CEO of Professional Science Editing for Scientists @ prosciediting.com