2024 tipped to feature plenty of twists and turns

2024 tipped to feature plenty of twists and turns
ASB Bank says the year ahead may bring some surprises. (Image: Michael Craig)
Rebecca Howard
ASB Bank expects 2024 to be unpredictable and volatile with plenty of twists and turns.Five key risks are inflation, fiscal policy, population growth, the housing market and geopolitics, said senior economist Mark Smith.ASB Bank estimates NZ CPI inflation ended 2023 at 4.5%, the lowest since mid-2021, but above inflation rates in the US, Canada, Eurozone and the UK.Annual NZ CPI inflation is expected to ease over 2024, ending the year below 3%.“The moderation in NZ inflation will take pressure off household budgets, with ASB estimates sug...

More Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

Rebecca Howard 08 Jul 2024
RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Rebecca Howard 08 Jul 2024
Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024