Corporate borrowers' confidence in economic growth had ebbed to a two- year low a month before financial markets nosedived, a new survey reports.

For its second-quarter survey, Phoenix Management Services Inc. asked lenders at the end of July how many of their customers expected strong growth in the next six months to a year. Lenders said just 13% of customers expected such growth, compared with 44% in March. Results of the survey were released last week.

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