NZ business survey records significant drop in expectations

Down chart A survey of 62 NZ chief executives, as part of PricewaterhouseCooper’s annual global survey, found only 35 per cent were “very confident” that revenue at their respective businesses would grow in the next 12 months, down from a figure of 60 per cent in last year’s survey.

Last year 63 per cent of chief executives were positive about the global economic outlook. This year, that figure is down to just 47 per cent.

Only 53 per cent stated they were “somewhat confident” of increased revenue in the 2015 year.

Chief executives were also worried about the availability of key skills, the survey found. 84 per cent were concerned with this issue, opposed to a global average of 73 per cent.

Sixty per cent of those surveyed were concerned about the world’s geopolitical uncertainty. Other concerns included the speed of technological change, cyber threats and data security, as well as over-regulation.

Obviously the Key government needs to work a bit harder in its efforts to convince business NZ that things are going so swimmingly on the economic front.



Categories: Economics, NZ Politics

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1 reply

  1. I still smell a Ponzie scheme with the Government borrowing to paper over the crack to give the sheeple the appearance that everything is fine just fine. Nothing to worry about here.

    Trust us we are the Government.

    I mean asset prices are going up, everybody knows that when asset prices go up you are getting richer, right.

    Then reality. Oops didn’t see that coming.

    Like

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