More tough times for SMEs as large firms recover

Tough times persist for SMEs, while large firms recover: QSBO

By Pattrick Smellie

April 6 (BusinessWire) – Small, medium-sized firms and those without national reach are still doing it tough, as the gap between hopes and the reality of economic recovery remains wide, according to the latest quarterly survey of business opinion from the New Zealand Institute of Economic Research.

The March quarterly QSBO showed the strongest business sentiment since 1999, with a net 36% of firms optimistic about the future compared with 23% net positive in December. But NZIER’s principal economist Shamubeel Eaqub said the figure was “meaningless,” showing no more than a bounceback from the depths of the 2008-2009 recession.

Details to come.

(BusinessWire)

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