Each month, we partner with independent economist Tony Alexander to survey the mood of the national business economy.
June 2023 report highlights:
51% of businesses have listed interest rates as their biggest concern for the year ahead.
The top areas of planned spending increase remain as strategy development, followed closely by staff training, workplace culture, and customer retention.
Despite economic concerns, 25% of respondents see a light at the end of the tunnel with expectations that things will be better in 12 month's time.
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About Tony
For many, Tony needs no introduction. As a regular commentator on the state of the national economy, Tony is regularly appearing in media interviews to help make sense of what is happening in our local and global economy.
Tony left his appointment as Chief Economist with BNZ in 2019 to become an independent economist and has made it his purpose to help Kiwis make better decisions for their businesses, investments, home purchases. With all eyes on the economy this year, we partnered with Tony to help our business community prepare for the challenges the shrinking economy will bring.