OECD fears 'large, sudden' house price fall in NZ

Better use of digital technology on-farm is crucial to economic performance, says OECD. (Image: Getty)

Tue, 01 Feb 2022

A “large and sudden” fall in house prices is a primary risk to New Zealand’s immediate economic outlook, the Organisation for Economic Cooperation and Development (OECD) said in its latest report card on the country.Released this morning, the survey also identifies a sharp slowdown in the Chinese economy as a threat to NZ’s relatively strong economic performance during the the covid-19 pandemic, which it says has been underpinned by high global prices for agricultural products and unsustainable levels of government suppo...

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