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1 Jun 2020 16:39
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  •   Home > News > Business

    Businesses are expecting weaker profitability and fewer hiring options in the next business quarter

    Businesses are expecting weaker profitability and fewer hiring options in the next business quarter


    The Economic Research Institute's Quarterly Business Opinion survey shows a net 67 per cent of businesses expecting deterioration in general economic conditions.

    Responses were received until three days before the lockdown was announced.

    Principal economist Christina Leung says a lot of businesses are pessimistic - and will look at cutting operational spending and staff numbers due to economic uncertainty.

    © 2020 Newstalk ZB, NZCity


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