The Herald reports:
New Zealand has tumbled down the OECD business confidence rankings to the second lowest among countries in the developed world.
Two years ago New Zealand was the second highest in the OECD with 33 of the 35 countries trailing it. Now everyone except South Korea is above New Zealand.
Amy Adams, National finance spokesperson, said it was a shocking revelation given New Zealand has typically been a haven of political and economic stability.
“Given the high level of political uncertainty around the world it is a shocking revelation that New Zealand – typically a haven of political and economic stability – has the second lowest level of business confidence in the OECD,” Adams said.
So the only country with lower business confidence than NZ is the country with a heavily armed neighbour threatening regional annihilation.
If Labour work really hard, I’m sure they can get us below South Korea also.