Prices set to rise as firms plan to pass on higher costs

Thu, 04 Feb 2021

ANZ’s latest business outlook hasn’t shown signs of weakening demand as the tourism sector counts the cost of New Zealand’s closed borders.ANZ chief economist Sharon Zollner said the bank is forecasting the tourism slump would start to take a toll over the first months of 2021, but there wasn’t much sign of it — yet.The preliminary reading of the ANZ Business Outlook found overall confidence lifted three points, with a net 12 percent of firms predicting better economic times over the coming year.Expectations for th...

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