Covid collapse: waiting for the liquidation wave

Covid collapse: waiting for the liquidation wave
Victoria Young & Andy Fyers
With various government supports drying up, insolvency experts estimate businesses damaged by covid-19 restrictions will hold on until Christmas but collapses are expected next year.BusinessDesk analysis of liquidation advertisements in the New Zealand Gazette shows that, despite a record contraction in economic activity, there have actually been fewer liquidations in 2020 to date, compared with previous years when the economy was growing.The number of liquidations in the eight months to Aug. 31 stands at 1,172, compared with 3,193 for the same...

More Economy

RBNZ headcount rises, Adrian Orr gets restraint of trade payment
Economy

RBNZ headcount rises, Adrian Orr gets restraint of trade payment

Staff expenses at the Reserve Bank of New Zealand rose 24% in the year to June 30.

NZ dollar eyes three-year low against Aussie
Economy

NZ dollar eyes three-year low against Aussie

A 50bps rate cut isn't fully priced in but economists are leaning that way. 

Govt outlines strategy to deliver Defence Capability Plan
Economy

Govt outlines strategy to deliver Defence Capability Plan

The economy and NZ industry would be beneficiaries.

Staff reporters 03 Oct 2025
ANZ, Westpac consider new quake standards’ implications
Finance

ANZ, Westpac consider new quake standards’ implications

Banks say it’s too early to determine the implications of the refocused standards.

Andy Macdonald 02 Oct 2025