Down but not out

Key highlights Sharp fall in business confidence reveals devastating effect of the Christchurch earthquake. Business confidence should rebound later this year as rebuilding activity underpins the economic recovery over 2012. Potential for inflation pressures to build later this year as rising petrol prices spill over to generalised inflation.     Report prepared by: Christina Leung ASB Economist Phone: +64 9 369 4421 Fax: +64 9 302 0992