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NZ Business confidence is falling because of the fear of re-imposed lockdowns - NZD & AUD rising on USD weakness
Here we go again…..is another lockdown likely? There appears to be particularly good reasons as to why consumer and business confidence has been falling away in New Zealand over recent months. For most there is a just a feeling of “deja-vu” with the inevitable entry of the Covid Omicron variant into the community and the Government’s only health/economic response to that being to lockdown entire cities - yet again. The sheer uncertainty as to what is going to happen in the future is still adversely impacting sentiment and confidence. The more optimistic contingent are hoping that the Government has taken on ... (full story)