The latest NZIER Quarterly Survey of Business Opinion has revealed business confidence has taken a hit for the March quarter.
Only a net 1 percent of firms expect better general economic conditions over the coming months on a seasonally adjusted basis.
EMA Head of Advocacy Alan McDonald says people were expecting the economy to get better - and this conflict put an economic 'handbrake' on recovery.
LISTEN ABOVE

Full Show Podcast: 25 August 2026
1:40:49

Enda Brady: UK correspondent on the vigil being held for people who killed two police officers in crash
04:31

Paul Bloxham: HSBC chief economist on the state of Australia's housing slump
05:26