Glum firms still a problem for coalition govt as election year starts

By Rebecca Howard | Tue, 14 Jan 2020


Business confidence improved in the December quarter but remains deeply pessimistic in the first survey of the 2020 election year, underscoring challenges for the Labour-led coalition.“Businesses are feeling less downbeat,” rather than being confident about the economic outlook, said New Zealand Institute of Economic Research principal economist Christine Leung.The NZIER's quarterly survey of business opinion showed headline confidence remained in negative territory in the final three months of 2019, albeit with a less pessimistic view of the e...