ZB

Economist: We could see a wave of "zombie" businesses closing as wage subsidies end

Author
Newstalk ZB,
Publish Date
Tue, 10 May 2022, 8:02am
(Photo / 123RF)
(Photo / 123RF)

Economist: We could see a wave of "zombie" businesses closing as wage subsidies end

Author
Newstalk ZB,
Publish Date
Tue, 10 May 2022, 8:02am

It has been revealed nearly fifty percent of our jobs were protected by the Government’s wage subsidies at some point last year.

This resulted in less people losing their jobs during the pandemic and less businesses going under.

But now, as wage subsidies are gone and businesses need to fend for themselves again, one economist says we could see a wave of "zombie" businesses closing.

Shamubeel Eaqub from Sense Partners joined Kate Hawkesby.

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