Majority of business owners pessimistic about economy

Only 14% of business owners expect an improvement in the economy. (Image: Gettty)

Wed, 03 May 2023

New Zealand businesses are feeling pessimistic about the state of the economy, with over two-thirds of business owners believing the current state of the economy is either poor or very poor, according to the latest business confidence survey conducted by the Auckland Business Chamber. The survey found that 54.5% of business owners expect the economy to decline over the next 12 months, with only 14% expecting an improvement.The lack of confidence in the economy is reflected in business owners' attitudes towards their own businesses, wit...

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