Great news – NZ moves up the OECD business confidence ranks

It had been widely reported that NZ has the 2nd lowest business confidence ratings in the OECD.

But I have good news. In the latest stats, we have moved from 2nd to 4th lowest. We are now in 35th place!

But alas the reason we are now 4th lowest, not 2nd, is not that things have got better in NZ.

South Africa has slipped behind New Zealand. Yes if you try and pass a law to confiscate land based on race, without fair compensation, you fall below even NZ in business confidence.

Turkey has also now fallen behind New Zealand. Their economy is collapsing along with their currency, so good to see we are now ahead of them.