Gareth Kiernan: Infometrics Chief Forecaster on the number of businesses reporting losses
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
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.