this post was submitted on 03 Jul 2024

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Retail spending slump nearly surpassing '80s sharemarket crash (www.rnz.co.nz)

submitted 1 month ago by [email protected] to c/[email protected]

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Oh, is that the sound of a free market correction?

Is NZ oversupplied for retail? No, it's the consumers who are wrong.

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[–] [email protected] 7 points 1 month ago

She said Wellington was particularly affected by government job cuts, and the flow-on effects to other businesses.

Many government job losses are not in Wellington, but the highest concentration is in Wellington, so the flow on impact of government job cuts as well as general cost cutting likely has a huge impact across the country.