- By Brendan Kelly, Chairman, Business East Tamaki
We’ve been officially in recession for the last three quarters, with what most analysts predict as a further two to three quarters of rocky road before the economy recovers from highly inflationary interest rates and cost of living crises, mostly driven by excessive and uncontrolled previous Government spending and the global macro-economic environment.
Last week saw announcements heralding meagre signs of growth with GDP at 0.2 per cent, whether + or – , however the story for hospitality and hotels (my…