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Economic crunch hits Wellington hardest, Regional Roundup shows

Author
Newstalk ZB,
Publish Date
Tue, 8 Oct 2024, 8:51am
Wellington city. Photo / Mark Mitchell
Wellington city. Photo / Mark Mitchell

Economic crunch hits Wellington hardest, Regional Roundup shows

Author
Newstalk ZB,
Publish Date
Tue, 8 Oct 2024, 8:51am

It's a tale of two islands when it comes to the economy.  

The Westpac Regional Roundup shows many businesses and households are suffering from the slow economy.  

Westpac Senior Economist Satish Ranchhod says feedback from the North Island was more downbeat, with Wellington being the worst off because of a shrinking public service.  

He says there was a rosier picture in the South Island.  

Ranchhod told Ryan Bridge they’ve got a mix of tourism and agriculture among other industries helping to support a positive sentiment in the South. 

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