New Zealand’s business outlook in January had dropped as the coronavirus outbreak in China and abroad piled on concerns over global economic growth, according to an ANZ Bank survey on Thursday.
The survey showed that a net 19.4% of participants had expected the economy to stagnate during the current year in contrast to the 13.2% from a previous poll late last year.
Meanwhile, a net 12.0% of participants expected their own businesses to grow by the end of the year which had decreased from a net 17.2% recorded in December.
Japan car sales drop by 38% last month due to the coronavirus pandemic29.06.2020
Airbus to cut production by 40% in two years due to the coronavirus pandemic29.06.2020
Asian stocks slip as gloomy outlook dampens market sentiment29.06.2020
Dollar gains as new infections cast doubt on recovery