Business pessimism in June worst since March 2020

Business pessimism in June worst since March 2020
NZIER's Christina Leung said inflation pressures are the highest since 1985. (Image: NZ Herald)
Jenny Ruth
Business pessimism in the June quarter was at its deepest level since March 2020 as firms grappled with intensifying inflation pressures and expectations of higher interest rates.Despite that, Christina Leung, the principal economist at the New Zealand Institute of Economic Research (NZIER), isn’t expecting the economy is headed into recession but said, “this increases the risk of that”.The economy shrank 0.2% in the March quarter, and it would need to have shrunk in the June quarter if NZ is already in recession, though that...

More Economy

Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 10:00am
Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024
Independent costings needed for tough political decisions
Economy

Independent costings needed for tough political decisions

The time is now for an Independent Fiscal Institution.

Cameron Bagrie 01 Jul 2024