Deepening business gloom likely to push annual GDP below 1%

Deepening business gloom likely to push annual GDP below 1%
Jenny Ruth
By Jenny Ruth Oct. 1 (BusinessDesk) - Businesses continued to sink deeper into gloom during the September quarter and that will likely shave annual GDP growth to below 1 percent, according to the New Zealand Institute of Economic Research's latest quarterly survey of business opinion. Most forecasts for annual growth, including NZIER's are still above 2 percent. Headline confidence in the QSBO fell a point to a net 35 percent of businesses in seasonally adjusted terms expecting general economic conditions to worsen, the weakest level s...

More Retail

Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024
Easter trading laws could be repealed
Retail

Easter trading laws could be repealed

Bill drawn from ballot would allow shops to open on Good Friday and Easter Sunday.

John Anthony 11 Apr 2024
Kogan appoints new Mighty Ape CEO
Retail

Kogan appoints new Mighty Ape CEO

Daniel Balasoglou replaces Gracie MacKinlay in the top job.

Staff reporters 08 Apr 2024