In our recent business visits, the biggest reported barriers to investment were:      Policy uncertainty, particularly for infrastructure projects and environment policy; Regulatory requirements; Construction capacity constraints; and Access to finance.4  Figure 2: Falling business confidence is slowing business investment and GDP  Quarterly Survey of Business Confidence, and Stats NZ.
3 See Rice, Vehbi, and Wong (2018) for analytical work on uncertainty. 4 See the November Monetary Policy Statement, Box 1 for the results of our recent business visits. 4  Business uncertainty highlights the importance of forward guidance and transparency when considering and setting economic policy.