18 Sep 2020

Small business surviving well despite recession - Xero

From Morning Report, 7:38 am on 18 September 2020

New Zealand's economy has slipped into recession but software company Xero says the small business sector is surviving relatively well.

Xero's data shows that, despite experiencing a large drop in revenue during the first lockdown, small businesses are making what the company calls "positive strides" with revenue and job recovery.

This is especially when compared to Australia and Britain.

Craig Hudson is managing director at Xero.