RTTNews - Monday, a report by Business New Zealand or BNZ said there was a small decrease in confidence regarding the economy over the coming year.

A net 18% expect the economy to improve in the coming year compared to 27% in May.

This result is not surprising considering that we attribute the surge in confidence to a record level in May as largely reflecting a sigh of relief that the Depression scenario was off the table rather than widespread expectations of bountiful growth just ahead, the BNZ said in a statement.

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