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

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
Brave-faced craft chocolate industry finds strength in unity
Retail

Brave-faced craft chocolate industry finds strength in unity

More than 30 boutique chocolate companies raised the bar at Chocstock.

Gregor Thompson 01 Jul 2024