Bleak winter on the cards for business

Bleak winter on the cards for business
Is this the winter of discontent for businesses? (Image: Getty)
Paul McBeth
New Zealand businesses have largely weathered the covid-19 pandemic, but the rapid pace of inflation and increasingly tight access to credit may soon sort out the viable from the vulnerable.Customer-facing businesses have been at the forefront of those sounding warnings that they need more of a lifeline to get through the omicron outbreak, which has infected more than 200,000 and forced firms to shut their doors as they struggle to find workers to serve the few customers willing to venture out.Business confidence has slumped and firms are strug...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024