New Zealand businesses hope to grow
Fri, 01 Jun 2012 9:07a.m.
By 3 News online staff
New Zealand business has come out of the global financial crisis fitter, faster and better - that's the finding of the latest ANZ privately owned business barometer.
While the prospects for the global economy remain gloomy, ANZ's managing director of commercial and agriculture, Graham Turley, says New Zealand businesses expect to grow.
“New Zealand businesses worked hard over the last three or four years… and [the survey found] 88 percent expect to grow somewhat a little bit over the next 12 months,” he told Firstline this morning.
The comprehensive survey quizzed almost 5000 New Zealand businesses, and while the National Bank business opinion survey – also released yesterday – has found a slight dip in sentiment, but Mr Turley says this is not a contradiction.
“What came out of our economic report was a lowering of confidence, a lot of that’s been influenced by Europe,” he says.
Mr Turley says New Zealand businesses are not ignoring the global economic situation.
“We’re talking about looking to grow, but they’re not all being stupid either.”
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