More evidence the post-lockdown bounce is fading

More evidence the post-lockdown bounce is fading
Rebecca Howard
The preliminary August reading of the ANZ Business Outlook adds to the view the post-lockdown rebound has run its course.A net 42.4 percent of businesses were downbeat about the economy's fortunes versus 31.8 percent in July the survey showed, while a net 17.9 percent of firms expected their own activity to shrink versus 8.9 percent in July.“There are three prongs to this economic crisis: lockdown, closed borders, and an incredibly synchronised global slowdown that will hit exports,” said ANZ Bank chief economist Sharo...

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Recent data gives RBNZ more confidence
Economy

Recent data gives RBNZ more confidence

Recent data has given the central bank more confidence. 

Rebecca Howard 28 Feb 2024
RBNZ keeps OCR on hold, but less hawkish
Economy

RBNZ keeps OCR on hold, but less hawkish

The central bank kept rates on hold at 5.5%

Rebecca Howard 28 Feb 2024
ASB's Shortt: Move beyond 'investing to survive'
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ASB's Shortt: Move beyond 'investing to survive'

The ASB CEO says businesses have been in 'investing to survive' mode.

Dileepa Fonseka 28 Feb 2024
Wild ride in store for the New Zealand dollar
Economy

Wild ride in store for the New Zealand dollar

A rate hike would likely give the New Zealand dollar a big lift. 

Rebecca Howard 27 Feb 2024