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3 Jul 2024 8:06
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      Home > News > Business

    A bleak outlook for the economy

    A bleak outlook for the economy

    28 June 2024
    Business NZ's planning forecast for the June quarter reveals any growth the economy sees, will be subdued for some time.

    It found transactions, consumer spending and building consents are all lower than the previous quarter.

    Director of advocacy Catherine Beard says it's likely interest rates will remain at elevated levels for longer than anticipated as well.

    She says it will be tough-going for the next 18 months.

    © 2024 Newstalk ZB, NZCity


     Other Business News
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     02 Jul: To stage three of cycling's Tour de France, a 231 kilometre leg from Piacenza to Turin..
     02 Jul: Financial pressures are taking a mental toll on the owners of small to midsize enterprises
     02 Jul: Financial uncertainty continues to loom over New Zealanders
     01 Jul: A popular drinking hole in Auckland's Ponsonby has entered receivership, after failing to pay back a loan worth hundreds of thousands of dollars to its co-owner
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    RUGBY RUGBY
    All Blacks lock Patrick Tuipulotu has declared himself ready to face England in the first test on Saturday in Dunedin More...

    BUSINESS BUSINESS
    A Kiwi home renovations company is seeing success on the world's stage More...


     Today's News

    		 International:
    FLiRT was dominating COVID-19 cases, now we're onto the FLuQE subvariants 7:57

     Rugby:
    All Blacks lock Patrick Tuipulotu has declared himself ready to face England in the first test on Saturday in Dunedin 7:57

     Tennis:
    The expectations have told on women's defending champion Marketa Vondrousova at Wimbledon 7:47

     Entertainment:
    Lupita Nyong'o is determined to keep her personal life out of the spotlight 7:37

     Business:
    A Kiwi home renovations company is seeing success on the world's stage 7:37

     Business:
    A plunge in dairy prices at this morning's Global Dairy Trade auction - falling 6.9 percent 7:27

     Living & Travel:
    Creators vs Congress: The TikTokers fighting America's move to ban the app that changed their lives 7:27

     Education:
    A number of school students have been rescued from bush near West Auckland's Whatipu 7:27

     Rugby League:
    Warriors halfback Te Maire Martin claims he's still learning from Shaun Johnson, despite the latter's injured absence 7:17

     Entertainment:
    Emilia Clarke has "a lot more acting" left in her before she switches her focus to directing 7:07

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