New Zealand's business confidence in the first quarter showed some positive developments with both business confidence and firms' own trading activity recovering slightly,” according to the latest New Zealand Institute of Economic Research (NZIER) Quarterly Survey of Business Opinion (QSBO).
The NZIER QSBO statement also said, “The tightening in monetary policy by the Reserve Bank since November 2021 looks to be gaining traction in dampening demand in the economy.”
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