Source: New Zealand Institute of Economic Research
07 April 2020
The latest NZIER Quarterly Survey of Business Opinion (QSBO) is being issued in extraordinary times. The result captures responses received up to 20 March 2020 – just prior to the announcement by the Government of the Alert Level 4 lockdown across the country. It thus gives us at least a partial glimpse into how firms think COVID-19 will impact them and the economy.
The QSBO shows a sharp decline in business confidence, with a net 67 percent of businesses expecting a deterioration in general economic conditions.
Read the full media release here.