Tom O'Neil: CV.co.nz Managing Director on business confidence dropping to its lowest level since Covid

Early Edition with Ryan Bridge · Mar 25, 2025 · 2m · transcript

A blow for Kiwi business confidence, which has slumped to its lowest level since the post-2020 Covid lockdown lows.

The Westpac-McDermott Miller index shows despite the weaker overall result, confidence has only fallen in four of 11 regions.

That includes the biggest job market -- Auckland -- which dominated the national average.

CV.co.nz Managing Director, Tom O'Neil told Andrew Dickens he reckons it's partially due to looming American tariffs.

He believes there's been a massive hangover encapsulating all the difficulties New Zealand's faced since 2020.

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