Exploration ban blamed as NZ business confidence plummets

THE Jacinda Ardern-led Labour government’s decision to ban new oil and gas exploration in New Zealand has made a major dent in business confidence, according to the New Zealand National Party opposition and the peak body for oil and gas exploration in the country.

Exploration ban blamed as NZ business confidence plummets Exploration ban blamed as NZ business confidence plummets Exploration ban blamed as NZ business confidence plummets Exploration ban blamed as NZ business confidence plummets Exploration ban blamed as NZ business confidence plummets

New Zealand Stock Exchange. Image courtesy of NZSE

 

This week the NZ Institute of Economic Research resleased its Quarterly Survey of Business Opinion report, which showed businesses confidence is at its lowest level in over a decade.