Sluggish global recovery NZ's biggest economic challenge - Orr

Thu, 16 Apr 2020

Reserve Bank governor Adrian Orr told a parliamentary committee the biggest covid-19 challenge for New Zealand is going to be a “sluggish” bounce back in global demand.New Zealand – like Australia – is highly reliant on foreign capital, highly reliant on foreign trade and “the real driving part of this particular economic challenge is domestic demand around the world,” he told Parliament’s epidemic response committee.“The demand, in particular with the labour market displacement and the uncertainty around household wealth, will mean a bounce ba...

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