New Zealand business confidence deteriorated sharply in the March quarter, with the NZIER Quarterly Survey of Business Opinion showing the general business situation dropping from +39 to +1. The survey highlights how the US–Israel conflict with Iran and disruptions in the Strait of Hormuz, have quickly eroded sentiment despite earlier signs of recovery. Domestic activity […]The post New Zealand Business Confidence Slumps as Conflict Weighs, Inflation Pressures Rise, RBNZ July Hike Expected appeared first on ActionForex.