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1 Jul 2024 19:48
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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


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    BUSINESS BUSINESS
    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 More...



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