New Zealand's economy is improving due to Official Cash Rate cut, tax relief, Family Boost, and 43% of businesses anticipating economic improvement within a year.
New Zealand's economy is improving, according to MP Shane Reti, with the Reserve Bank's cut in the Official Cash Rate and the introduction of tax relief and Family Boost packages helping cost-of-living struggles. Auckland Business Chamber's latest confidence survey shows mixed business confidence, but 43% of businesses expect economic improvement over the next 12 months. Revenue pressures and underperformance are challenges, but decreased inflationary pressure and interest rate concerns suggest businesses are adapting to the current climate.
August 25, 2024
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