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1 Jul 2024 22:15
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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


     Other Business News
     01 Jul: 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
     01 Jul: High hopes of gold rush in Central Otago - as an Australian mining company looks to list on New Zealand's Exchange
     01 Jul: Indications the job market may be reaching a plateau
     01 Jul: Ram-raids have reached a three year low - at 15 in April
     01 Jul: Auckland union train staff are withdrawing industrial action - returning services to regular schedules
     30 Jun: Belief ending Auckland's fuel tax is the right decision
     29 Jun: Only one in five New Zealand employees are loyal to their current employer
     Top Stories

    RUGBY RUGBY
    The career of resurrected Wallaby Kurtley Beale could be over with confirmation the veteran requires surgery after rupturing his Achilles playing club rugby on the weekend More...

    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...


     Today's News

    		 Rugby:
    The career of resurrected Wallaby Kurtley Beale could be over with confirmation the veteran requires surgery after rupturing his Achilles playing club rugby on the weekend 21:57

     Entertainment:
    Jonathan van Ness has hit back at claims they had "rage issues" on the set of 'Queer Eye' 21:37

     Law and Order:
    Four young people were arrested after an alleged burglarly in Te Awamutu in the early hours of Friday morning 21:17

     Entertainment:
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     Entertainment:
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     International:
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     Entertainment:
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     International:
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     Entertainment:
    Normani felt relieved after releasing her debut album 19:37

     Entertainment:
    Kourtney Kardashian isn't worried about regaining her pre-pregnancy figure 19:07

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