S&P Global Ratings warns NZ to face tough times in short-term

S&P Global Ratings warns NZ to face tough times in short-term
Slowing global economy to weigh on NZ. (Image: Unsplash)
Rebecca Howard
S&P Global Ratings expects New Zealand’s economic activity to pick up over the next two years but said the short-term environment will be tough, particularly as the global economy slows.“We forecast growth of 0.2% for 2023, followed by 1.7% and 2.5% in 2024 and 2025, respectively,” said S&P Global Ratings economist, Vishrut Rana.It had previously expected 0.8% growth for 2023, according to the latest Economic Outlook Asia-Pacific Q3 2023: Domestic Demand, Inflation Relief Support Asia's Outlook.Higher interest rate...

More Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold
Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold

Wharekirauponga Underground is one of the Government's fast-track projects.

Greg Hurrell 12 Dec 2024
Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday