New Zealand companies are pessimistic about the outlook for the economy, and their own trading prospects, as slowing growth damps demand for their goods and services.
A net 59% of firms expect the economy will worsen, the New Zealand Institute of Economic Research said Tuesday in Wellington, citing its second quarter survey of business opinion. A net 13% said their own trading had slowed in the period, and 17% expect a deterioration in the three months through September.
