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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