BUSINESS BREAKDOWN: Solid growth seen for NZ economy

Tue, 26 May 2015

May 27 (BusinessDesk) - The NZ Institute of Economic Research's quarterly predictions has delivered an upbeat assessment of New Zealand’s economic outlook, projecting jobs growth and shrinking unemployment, and the continuation of low interest rates. The economy is expected to grow at about 3 percent a year out to 2017. The institute estimates 130,000 jobs will be created over the next two years, with the unemployment rate dropping to 5.2 percent by early 2017, from 5.8 percent currently. Wage growth will be "somewhat muted" at about 2.5 per...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Consent refused for Thiel's luxury lodge
Brent Melville | Thu, 18 Aug 2022

It'll be back to the drawing board for the tech billionaire's NZ team, after their consent application was turned down by hearing commissioners.

Markets
Xero’s US revolving door continues to spin
Jenny Ruth | Thu, 18 Aug 2022

Xero’s progress in Britain continues to be “more subdued than we’d like”, chief executive Steve Vamos told the annual shareholders’ meeting.

Art
Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

Sponsored
In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.