BusinessNZ upbeat on economy but concerned about private debt
Economic growth sits at 3.6% but the debt-to-income ratio is 165%, with dairy debt picked to top $40 billion soon
Although optimistic about the economic environment, New Zealand’s biggest business lobby group says high levels of private sector debt remains a concern for the economy.
BusinessNZ chief executive Kirk Hope is expecting the economy to grow at 3.5% in 2016/17.
Mr Hope tells NBR Radio's Andrew
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Jason Walls
Wed, 28 Sep 2016
Wed, 28 Sep 2016
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BusinessNZ upbeat on economy but concerned about private debt
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