Business confidence slumps on construction sector woes
https://www.nzherald.co.nz/business/...ectid=12254447
fits our view of rapid down turn in the economy in the second half yr esp business intentions measure. RBNZ wont like that update i imagine and with the market expecting 90% chance of a rate cut should they not move now i imagine the reaction will be savage.
good summary here
https://www.interest.co.nz/business/...tor-2009-while
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