BNZ: QSBO to show economy 'struggling' to gain traction

(Image: Getty)

Tue, 16 Jan 2024

Bank of New Zealand expects the latest Quarterly Survey of Business Opinion (QSBO) to show the economy is “struggling” to gain traction.But the survey - to be released on Tuesday by NZ Institute of Economic Research (NZEIR) - could suggest a pick-up in activity towards the end of this year, according to BNZ.In a note, the bank’s head of research, Stephen Toplis, said BNZ expected growth indicators in the survey, covering the final three months of 2023, to be turning upwards.Labour market indicators should continue to show easi...

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