this post was submitted on 03 Jul 2024
31 points (97.0% liked)

Aotearoa / New Zealand

1656 readers
13 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago
MODERATORS
Dave
RaoulDuke
31
Retail spending slump nearly surpassing '80s sharemarket crash (www.rnz.co.nz)
submitted 4 months ago by deadbeef79000 to c/newzealand
9 comments fedilink hide all child comments
 

Oh, is that the sound of a free market correction?

Is NZ oversupplied for retail? No, it's the consumers who are wrong.

you are viewing a single comment's thread
view the rest of the comments
[–] Dave 7 points 4 months ago

She said Wellington was particularly affected by government job cuts, and the flow-on effects to other businesses.

Many government job losses are not in Wellington, but the highest concentration is in Wellington, so the flow on impact of government job cuts as well as general cost cutting likely has a huge impact across the country.