Confidence fading?
The Opposition spokesman on finance, Mr George Gair (North Shore), said the survey showed businesses were losing confidence in the economy. This loss of confidence was understandable, given the adverse economic conditions under which businesses had been functioning during the last 18 months. These conditions were projected to continue for
at least the next six months, with no end in sight, he said. Labour’s catch-cry of “short term pain the name of restructuring” was now falling on deaf ears. The pain of Rogernomics was proving to be of no avail.
The purpose of the pain could well make sense if' useful and important longterm economic progress flowed from it, Mr Gair said, but this was proving not to be the case.
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Press, 23 February 1987, Page 3
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123Confidence fading? Press, 23 February 1987, Page 3
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