Bounce In Sentiment Welcomed
Finance Minister Michael Cullen today welcomed the latest
National Bank outlook showing a strong rebound in general
business confidence - from negative 18 percent last month to
negative 2 percent.
"Even more encouraging is that a net
28.2 percent of respondents expect their own businesses to
grow over the next 12 months. That should be good for both
investment and employment decisions," Dr Cullen said.
said the survey results were in line with the recent One
News/Colmar Brunton poll and augured well for 2002.
bounce back should be sustained by growing expectations of a
recovery in the United States economy and - domestically -
by low interest rates and by the government's continuing
strong fiscal position as reflected in the December Economic
and Fiscal Update released yesterday."
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