economic recovery tagged posts
November 6, 2012 New Zealand Finance
New Zealand’s economy has slowed down recently, but should pick up again in 2013.
On November 5th the New Zealand Treasury released the latest Monthly Economic Indicators report, warning that economic growth in New Zealand has slowed in the second half of the year.
The softening in growth was not attributed by a singular event, but several smaller factors, including decreasing confidence amongst consumers and businesses, the persistently high New Zealand dollar, continued uncertainty regarding the rebuild of Christchurch, and the ongoing economic turbulence in Europe and amongst New Zealand’s main trading partners.
Over the medium term, growth in the New Zealand economy should recover, as the value of the New Zealand dollar decreases and the stability returns to the country’s trading part...Read More
April 20, 2010 New Zealand Finance
Recent research has suggested that Australian businesses fared worse in 2009 and 2008 than those in New Zealand.
In the recently released April 2010 MYOB Business Monitor report Australian and New Zealand business owners were surveyed for their opinions on the current economic situation in both nations. The report showed that 39 percent of surveyed businesses reported a fall in revenue during the twelve months to July 2009, while only 35 percent of New Zealand firms provided the same response. Commenting on the difference, Tim Reed, MYOB’s Sydney-based Chief Executive, said that the survey shows that New Zealand business showed a great sense of resilience throughout the economic downturn.
The report revealed that 50 percent of New Zealand business owners expected the economy to improve ove...Read More
March 1, 2010 New Zealand Finance
The New Zealand Institute of Economic Research (NZIER) has released its latest report, in which it describes New Zealand’s economic recovery over the upcoming years as “jagged”, along with “bumpy and subdued”.
On March 1st, the NZIER released the March 2010 Quarterly Predictions report, which stated that although New Zealand is no longer facing a recession, its economic recovery will be slow and “jagged”. Growth of only 2.7 percent was projected for the 2010 calendar year, and 1.4 percent for 2011. Shamubeel Eaqub, NZIER Principal Economist, stated that several key economic indicators, both internationally and locally, are giving cause for concern and calling for restraint on any recovery estimates.
According to the report, the New Zealand Reserve Bank does not yet have any...Read More