'Negative but temporary impact' from coronavirus, says Treasury

'Negative but temporary impact' from coronavirus, says Treasury
Pattrick Smellie
The coronavirus outbreak is provisionally forecast to knock between 0.2 percent and 0.3 percent off New Zealand's economic growth rate this year, Prime Minister Jacinda Ardern said after a briefing for the weekly Cabinet meeting on the potential impact of the illness that is disrupting global trade and travel. Announcing an $11 million allocation of additional tourism marketing to boost New Zealand as destination for both international and local travellers, Ardern said the Treasury now expects economic growth of between 2 percent and 2.5 per...

More Economy

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday

Liquidated Sustainable Foods owed Kānoa $1.4m
Economy

Liquidated Sustainable Foods owed Kānoa $1.4m

Sustainable Foods joins the list of failed Kānoa-backed ventures.

Gregor Thompson 09 Dec 2024
Value of commercial property sales lowest in a decade
Economy

Value of commercial property sales lowest in a decade

The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says.The number of commercial property transactions has also fallen, with the value of sales dropping bel...

Maria Slade 09 Dec 2024