Economy
Explore the latest economy news by BusinessDesk
Retail
Deepening business gloom likely to push annual GDP below 1%
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...
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Markets
NZ dollar falls as businesses get gloomier
By Jenny Ruth Sept. 30 (BusinessDesk) - The New Zealand dollar was weaker after business pessimism grew even deeper in the latest ANZ Bank monthly survey and the gloomy tone was compounded after official Chinese data showed manufacturing contracted again in September. The k...
Policy
Reality needed on pace of low-carbon transition - Wood Mackenzie
By Gavin Evans Sept. 30 (BusinessDesk) - Governments and industry need to be more upfront with consumers about how long the transition to a lower-carbon world is going to take, a visiting energy expert says. People want action on climate change but many have unrealistic exp...
Finance
Business confidence slips to new 10-year low in September
By Rebecca Howard Sept. 30 (BusinessDesk) - Business confidence slipped further in September and the central bank will be disappointed its 50 basis point rate cut in August doesn't appear to be having much impact, ANZ Bank said in its monthly business outlook survey. A net...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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