PREFU: Short term looks better but recovery to take longer

PREFU: Short term looks better but recovery to take longer
Rebecca Howard
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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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