Learning to love foreign direct investment

Learning to love foreign direct investment
Associate Finance Minister David Seymour was first out of the blocks with foreign investment announcements last weekend. (Image: NZME)
Pattrick Smellie
In a pattern somewhat typical of the way the coalition Government runs, last weekend two of the most significant announcements for years were made on foreign investment in the New Zealand economy, but no one seemed to have planned it.The more substantial of the two announcements came from Act leader and Associate Finance Minister David Seymour, who foreshadowed major changes to New Zealand’s unfriendly foreign direct investment (FDI) regime last Saturday morning.But it was NZ First leader Winston Peters’s announcement that his...

More Economy

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024