Business Confidence plunges

Business confidence plunges – 11 Jul 2007 – NZ Herald: New Zealand National news

It looks like the government is set for another winter of discontent as business confidence in the economy plunges.

Rising interest rates, higher petrol prices and a sky-high dollar are all contributing to the more than doubling of pessimists in the latest survey by the NZ Institute of Economic Research quarterly survey.

A net 37 per cent of businesses expect the general business situation to worsen over the next six months compared with a net 15 per cent pessimistic in the March survey.

More bad news for the reserve bank also, in that a net 35 per cent intend to raise prices, which is well above the 18 per cent average during the past ten years. Expect the fools to raise interest rates yet again.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.