V-shaped recovery in prospect: QSBO

Tue, 20 Oct 2020

Improving business sentiment supports the New Zealand Institute of Economic Research’s expectations for a V-shaped recovery in economic activity.A net 1 percent of businesses reported an increase in their own trading activity – a turnaround from the net 37 percent reporting a decline in the previous quarter, according to NZIER’s quarterly survey of business opinion. Businesses are still downbeat but not as gloomy. A net 39 percent of businesses are expecting a deterioration in general economic conditions over the coming...

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