Gareth Kiernan: Infometrics Chief Forecaster on the number of businesses reporting losses

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. LISTEN ABOVESee omnystudio.com/listener for privacy information.