16 Jun 2023

Businesses ready for tough winter as recession strikes

From Morning Report, 6:08 am on 16 June 2023

The country has slipped into recession - brought on by devastating floods and a cyclone as well as rising interest rates.

The figures show negative growth by whisker for the last quarter of 2022 and the first three months of this year.

The question now will winter be any better?

Many small businesses don't think so as they struggle with rising costs and being able to pay staff.