Company directors most pessimistic on the economy in at least nine years

Company directors most pessimistic on the economy in at least nine years
The Ukraine war carrying on into 2023 is just one of the factors that directors must take into account. (Image: Getty)
Greg Hurrell
Company directors are more pessimistic about the New Zealand economy than ever, according to an Institute of Directors survey released today.Directors who responded said finding and retaining the right people were the most pressing issues facing both the country and their companies. They identified changing customer expectations, such as for greater transparency, as the most important future trend for their boards.However, the survey found digital engagement among boards was low.Almost 1,000 directors responded to the survey, which was carried...

More Economy

Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.