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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4d70f71d-78c2-4ddf-a929-b337007b0b31/transcript