New Zealand Firms Are Downbeat on Economy, Sales as Growth Slows
07/04/2023 12:17
New Zealand companies are pessimistic about the outlook for the economy, and their own trading prospects, as slowing growth damps demand for their goods and services.
New Zealand companies are pessimistic about the outlook for the economy, and their own trading prospects, as slowing growth damps demand for their goods and services.
A net 59% of firms expect the economy will worsen, the New Zealand Institute of Economic Research said Tuesday in Wellington, citing its second quarter survey of business opinion. A net 13% said their own trading had slowed in the period, and 17% expect a deterioration in the three months through September.