CryptoWorld News reports that due to the Iran war causing fuel prices to soar, consumer confidence among New Zealanders has fallen to its lowest point in three years, impacting household incomes and raising concerns about an economic slowdown. ANZ Bank stated on Friday that the confidence index for April dropped from 91.3 last month to 80.3, the lowest level since May 2023. Fuel prices in New Zealand have surged significantly, putting pressure on consumers and reducing spending on non-essential items. Local economists expect that by mid-year, economic growth will slow considerably as businesses cut back on investment and hiring, which will further strain household incomes.