Media Releases

Recent media releases from BusinessNZ.

Wage pressure feeds inflation

Wage pressure feeds inflation

Increasing the wage thresholds for international skills and talent is unnecessary and will feed inflation, says BusinessNZ Chief Executive Kirk Hope. "In the current environment of extreme skill shortages, high inflation, negative net migration and ongoing global...

Wage pressure feeds inflation

NZ Economy: Caution signs ahead

The latest BusinessNZ Planning Forecast reveals a subdued 24 months of economic growth ahead, despite recent improved signs of activity.The forecast for the September 2022 quarter shows there is still plenty of risk both at home and abroad, with inflationary and...

Wage pressure feeds inflation

Winners and losers in NZ-EU FTA

Winners and losers in NZ-EU FTA Director of Advocacy at BusinessNZ Catherine Beard said while the NZ Government and Officials were able to land some wins for exporters in the newly announced FTA with the EU, it is also a deal that falls well short of our best...

Wage pressure feeds inflation

NZ economy: prevailing headwinds

The latest  BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery. The Forecast for the June 2022 quarter shows global economic recovery post-Covid has taken a hit in both prolonged...

Wage pressure feeds inflation

FPAs on ILO list

The Government’s proposal to introduce compulsory wage bargaining through Fair Pay Agreements has put New Zealand on a Top 40 list for possible prosecution by the International Labour Organisation.

Wage pressure feeds inflation

ILO findings misinterpreted

BusinessNZ says the findings by the ILO regarding the New Zealand Government’s planned Fair Pay Agreements legislation have been misinterpreted by some commentators. The Conclusion reached by the ILO’s Committee on the Application of Standards requested the New...

Wage pressure feeds inflation

BusinessNZ pleased with ILO outcome

The ILO has confirmed that it has concerns about the NZ Government’s proposed Fair Pay Agreements legislation and says the Government needs to go back to the table with BusinessNZ and the CTU to ensure that FPAs comply with international law. BusinessNZ Chief...

Wage pressure feeds inflation

NZ on short list: breach of international law

NZ on short list: breach of international law New Zealand is now on a short list of 22 countries accused of breaches of international law.The International Labour Organisation has determined that New Zealand has a case to answer, and has invited the New Zealand...