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Gareth Kiernan: Infometrics Chief Forecaster on the number of businesses reporting losses
Published 10 months, 1 week ago
Description
A growing number of businesses are reporting losses and economists have voiced concerns.
IRD data shows that in the 2023 tax year, 107,360 companies out of 475,010 reported a current loss.
Another 40,670 were carrying a loss over from a previous tax year.
Infometrics Chief Forecaster Gareth Kiernan says these figures are consistent with the current deterioration of the economy.
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