Geopolitical shock knocks Auckland business confidence | Herald NOW Business

Geopolitical shock knocks Auckland business confidence | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Auckland business confidence takes a hit","summary":"More than half of Auckland firms are now feeling negative about the economy. This is according to the latest Auckland Business Chamber survey."},{"timeSeconds":16,"label":"Simon Bridges discusses economic downturn","summary":"Simon Bridges, Chair of the Auckland Chamber of Commerce, explains that the economy has gone from a high to a low. He attributes this to the war and other global uncertainties."},{"timeSeconds":30,"label":"Survey shows confidence slump","summary":"The Auckland business confidence survey shows a significant drop in confidence. This is attributed to rising costs, weaker demand, and global uncertainty."},{"timeSeconds":43,"label":"Impact of geopolitical events on business","summary":"Simon Bridges highlights that the geopolitical situation has impacted business confidence. He notes that the survey results reflect this, with confidence falling after geopolitical events."},{"timeSeconds":107,"label":"Inflation and interest rates concern businesses","summary":"Businesses are concerned about inflation and interest rate increases. They are trying to keep their margins tight and not pass on costs."},{"timeSeconds":130,"label":"Businesses struggle with rising costs","summary":"Simon Bridges expresses concern about interest rate hikes and their impact on businesses. He notes that businesses are trying to absorb rising costs rather than pass them on."},{"timeSeconds":155,"label":"Government action needed for recovery","summary":"Simon Bridges suggests that the government needs to take action to support businesses. He believes that the current economic conditions require a strong recovery plan."},{"timeSeconds":215,"label":"Optimism for future economic growth","summary":"Despite current challenges, there is optimism for future economic growth. The return of international students and increased tourism are seen as positive factors."}]} <!--/mynz:youtube-chapters-->