Insights from Fast 50 businesses

There’s no doubt times are currently tough. As a country, we enjoyed a period of growth driven largely by the COVID-19 government stimulus and a historically low funding environment. Today, high interest rates and a general increase in the cost of business are having a material impact on overall profitability.

14 August marked a crucial turning point in the economic environment, with the Reserve Bank of New Zealand (RBNZ) delivering a long-awaited cut more than six months earlier than indicated back in May. Following this news, conversation quickly pivoted from recession to the other ‘R’ word – ‘recovery.’

In late 2023, Deloitte expanded its presence in the central North Island with the opening of an office in the heart of Tauranga. While we’ve had people in Tauranga for a while now, having boots on the ground in our own office in the region ensures we can help our local clients by bringing them the best of the Deloitte network and connections across the Waikato and Bay of Plenty area.