Deepening business gloom likely to push annual GDP below 1%

Mon, 30 Sep 2019

By Jenny Ruth Oct. 1 (BusinessDesk) - Businesses continued to sink deeper into gloom during the September quarter and that will likely shave annual GDP growth to below 1 percent, according to the New Zealand Institute of Economic Research's latest quarterly survey of business opinion. Most forecasts for annual growth, including NZIER's are still above 2 percent. Headline confidence in the QSBO fell a point to a net 35 percent of businesses in seasonally adjusted terms expecting general economic conditions to worsen, the weakest level s...

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Economy

Penk announces compulsory building warranties

Under the proposed change, those responsible pay their share only.

Staff reporters 12:20pm

Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am