NZIER modelling points to 100% business pessimism

Tue, 07 Apr 2020

Just how bad is business confidence? It’s bad, and it’s far from over.The latest quarterly survey of business opinion by the New Zealand Institute of Economic Research included comments only up to March 20, six days before the national covid-19 lockdown kicked in. If the survey was carried out today, NZIER said it was likely that 100 percent of businesses would have felt negative about general economic conditions over the coming months and that around 70 percent would have reported seeing reduced demand.It also said its extrapolation coul...

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