A growing number of businesses are reporting losses and economists have voiced concerns.

IRD data shows that in the 2023 tax year, 107,360 companies out of 475,010 reported a current loss.

Another 40,670 were carrying a loss over from a previous tax year.

Infometrics Chief Forecaster Gareth Kiernan says these figures are consistent with the current deterioration of the economy.

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A growing number of businesses are reporting losses and economists have voiced concerns.
IRD data shows that in the 2023 tax year, 107,360 companies out of 475,010 reported a current loss.
Another 40,670 were carrying a loss over from a previous tax year.
Infometrics Chief Forecaster Gareth Kiernan says these figures are consistent with the current deterioration of the economy.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Gareth Kiernan: Infometrics Chief Forecaster on the number of businesses reporting losses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/674a1930-3fe8-4388-a4fd-b337007b0c2a/transcript