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New Zealand business confidence dropped to lowest level since late 2024 amid global tensions.
New Zealand business confidence dropped sharply in the March quarter, falling to its lowest level since late 2024, as the Iran conflict and global tensions weighed on the economy.
While overall activity remained stable, firms across sectors grew more cautious, particularly in construction, and reduced hiring and investment plans.
The Reserve Bank is expected to raise interest rates in July, depending on inflation trends.
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La confianza empresarial de Nueva Zelanda cayó a su nivel más bajo desde finales de 2024 en medio de tensiones globales.