Best of Business

← Best of Business12 oct · 3 min

Leeann Watson: Business Canterbury CEO on the ASB research showing economic activity doesn't tend to slow down ahead of elections

Leeann Watson: Business Canterbury CEO on the ASB research showing economic activity doesn't tend to slow down ahead of elections12 oct3 min

ASB says elections aren't usually a handbrake for business or household decisions.

Fresh analysis from the bank has found activity doesn't tend to slow down before an election or speed up right after one.

Senior Economist Mark Smith says there were two exceptions around the 2008 and 2020 elections but adds that was probably because of the GFC and the pandemic.

Business Canterbury CEO Leeann Watson told Andrew Dickens from what they're hearing, businesses are looking past the short-term uncertainty to the longer-term opportunities ahead.

She says investment and hiring intentions have remained pretty positive.

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