NZ’s underlying economic momentum is weak, reforms needed: OECD

NZ’s underlying economic momentum is weak, reforms needed: OECD
Strong inward migration has been helping prop up NZ’s economy, but that won’t last, an OECD report says. (Image: Getty)
John Anthony
“Feeble economic growth” and easing labour market tensions are helping lower inflation in New Zealand, but reforms are needed for a strong and sustained economic recovery, anOrganisation for Economic Co-operation and Development's second half-year report states.New Zealand's economic momentum “remained weak” in the second half of 2024, and the economy was expected to expand by just 0.6% this year, according to the Organisation for Economic Co-operation and Development’s (OECD) latest economic outlook.Migrat...

More Economy

Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025
Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.

Gregor Thompson 03 Apr 2025