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New Zealand business confidence worsens as COVID continues to impact -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: An unidentified pedestrian walks by a Newmarket storefront wearing a face mask. Newmarket’s retail district is seeing shoppers returning after coronavirus (COVID-19), which saw lockdown restrictions lifted in Auckland. Nov

WELLINGTON (Reuters), – New Zealand’s first quarter saw a decline in business confidence, according to a private thinktank. This was due to the continuing economic impact of the COVID-19 virus outbreak.

According to the quarterly survey of business opinions (QSBO), 40% of respondents expected that general business conditions would worsen, compared with 28% of pessimism during the preceding quarter.

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