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30 Jun 2024 21:48
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      Home > News > Business

    A bleak outlook for the economy

    A bleak outlook for the economy


    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

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     Top Stories

    RUGBY RUGBY
    Scans on Kurtley Beale tomorrow are expected to confirm the recalled Wallabies veteran has ruptured his achilles, possibly bringing an end to his rugby career More...

    BUSINESS BUSINESS
    Belief ending Auckland's fuel tax is the right decision More...


     Today's News

    		 Auckland:
    A person has critical injuries from a two car crash in Auckland Central's upper Queen Street 21:16

     Rugby:
    Scans on Kurtley Beale tomorrow are expected to confirm the recalled Wallabies veteran has ruptured his achilles, possibly bringing an end to his rugby career 18:57

     Rugby League:
    Queensland will need to find a new winger for league's State of Origin decider after scans confirmed Xavier Coates tore his right hamstring against Canberra 18:37

     Law and Order:
    Corrections is investigating after man died at Auckland's Mount Eden Prison on Thursday morning 18:07

     Entertainment:
    Coldplay makes history, Michael J Fox stuns with surprise cameo on stage. Here's what happened at Glastonbury on Saturday 17:27

     Soccer:
    Argentina's second stringers have claimed a 2-nil win over Peru at football's Copa America 17:27

     Rugby:
    Uncapped hooker George Bell is finding his feet in the All Blacks environment 16:57

     Business:
    Belief ending Auckland's fuel tax is the right decision 16:17

     Christchurch:
    Fire crews are working to put out a house fire in Christchurch 16:17

     Rugby:
    Expect the Tactix to be fired up with the looming departure of their head coach at the end of the ANZ Premiership campaign 15:27

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