2015 IN REVIEW: Year of extremes pits dairy farmers against Auckland home owners

Wed, 23 Dec 2015

By Paul McBeth Dec. 24 (BusinessDesk) - For New Zealand's rock-star economy, 2015 delivered a unique set of challenges - prices of the biggest export, dairy products, fell to a six-year low, house prices in the largest city of Auckland rose to an all-time high, migrants arrived in record numbers and inflation was so weak the government could barely take in enough tax to generate a surplus. Dairy prices tumbled as rising supply in New Zealand, Australia, Europe and the US combined with lacklustre Chinese demand and an import ban imposed by...

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