Small Businesses are Suffering w/ Antje Fielder: 9th October, 2024

Amidst a cost of living crisis and subsequent drops in consumer spending, it’s no surprise that small businesses in Aotearoa are going through tough times.

Data from the Ministry of Business, Innovation and Employment has shown that company liquidations were up by 40% in the first eight months of 2024 compared to figures from last year, and the economic climate in Aotearoa has been compared, by many experts, to the 2008 financial crisis.  

Oto spoke to Antje Fiedler, a Senior lecturer at the University of Auckland and director of the small enterprise association of Australia and New Zealand, to discuss the impacts small businesses have been experiencing amidst the cost of living crisis and current economic climate.