NZ's board directors see better days ahead

The upbeat mood of directors is quite a turnaround, ASB chief economist Nick Tuffley says. (Image: NZ Herald)

Fri, 22 Nov 2024

New Zealand’s GDP growth might be negative, but company directors are far more confident about economic prospects than they were a year ago.A survey produced by the Institute of Directors (IoD) and ASB found 52% of respondents expected the economy to improve in the next year, compared with 28% last year. Only 28% expected the economy to deteriorate, down from 56% in the 2023 survey.ASB chief economist Nick Tuffley told BusinessDesk it was quite a turnaround.“I think there’s been a noticeable pickup in the mood, particular...

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