Economy

PREFU: Short term looks better but recovery to take longer

Rebecca Howard
Wed, 16 Sep 2020

Rebecca Howard
Wed, 16 Sep 2020
The immediate covid-19 hit to New Zealand’s economy isn’t as harsh as expected but the recovery is now expected to be a longer slog.“The near-term outlook is less negative; however, we have revised down our forecasts for long-term growth,” said Caralee McLiesh, secretary to the Treasury, at the release of the pre-election fiscal and economy update.   However, nothing is certain. The update includes a central forecast and three other possible scenarios and “even these three scenarios do not cover the range...

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Markets
MARKET CLOSE: Kiwi falls on economic concern
Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.  

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
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Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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