Retailers and services sector firms have borne the brunt of weaker demand

The latest NZIER Quarterly Survey of Business Opinion (QSBO) is being issued in extraordinary times. The result captures responses received up to 20 March 2020 – just prior to the announcement by the Government of the Alert Level 4 lockdown across the country. It thus gives us at least a partial glimpse into how firms think COVID-19 will impact them and the economy. Read the media release here.