Business confidence in central New Zealand is at record lows
Business confidence in central New Zealand is at record lows
19 July 2022
A survey of 220 businesses from Gisborne to Nelson has found their expectations for the economy were at a net negative of 62 percent.
That's down from a net negative of 43 percent when the survey was last done in April.
It comes as inflation hits 7.3 percent -- its highest rate since 1990.
Wellington Chamber of Commerce chief executive Simon Arcus says confidence is now at similar levels to the Global Financial Crisis and the onset of Covid-19.
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