![Morning Report artwork](https://is2-ssl.mzstatic.com/image/thumb/Podcasts113/v4/95/3d/26/953d262d-567c-5e49-5069-bbb3af7c8ca1/mza_708031160086414727.jpg/100x100bb.jpg)
Businesses ready for tough winter as recession strikes
Morning Report
English - June 15, 2023 18:08 - 3 minutes - 2.78 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Auckland hosts largest collection of Egyptian artefacts
Next Episode: Four potential pathways to greener energy systems
The country has slipped into recession - brought on by devastating floods and a cyclone as well as rising interest rates. The figures show negative growth by whisker for the last quarter of 2022 and the first three months of this year. The question now will winter be any better? Many small businesses don't think so as they struggle with rising costs and being able to pay staff.