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1 Jul 2025 19:33
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      Home > News > Business

    The economy's inching closer to recovery - but hurdles persist

    The economy's inching closer to recovery - but hurdles persist

    1 July 2025
    The latest monthly Centrix data shows numbers of people behind on payments are down one percent, compared to last year.

    But financial hardship's risen by 300 cases in the month - and company liquidations are up 27 percent year-on-year.

    BWA Insolvency principal, Bryan Williams, says it could take until the end of the year for things to turn around - but discretionary spending should pick up, if interest rates lower and costs come down.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     01 Jul: New World is launching a reusable container trial in September
     01 Jul: Businesses still see hope on the horizon, but recovery still remains slower than expected
     01 Jul: China's EV newcomer Xiaomi sells nearly 300,000 SUVs in an hour
     01 Jul: Foodstuffs is trialling the use of reusable plastic deli containers in six stores
     01 Jul: Positive signs when it comes to consumer arrears - but some businesses are still doing it tough
     01 Jul: Experts warn of global economic turmoil ahead of Donald Trump's tariff deadline
     01 Jul: The Finance Minister says changes to the FamilyBoost scheme are on their way
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     Law and Order:
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     Entertainment:
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