Trump govt could hit NZ growth, dollar, and inflation, warns BNZ

Trump govt could hit NZ growth, dollar, and inflation, warns BNZ
Donald Trump. (Image: Getty)
Rebecca Howard
The Donald Trump presidency probably means lower New Zealand growth, a weaker NZ dollar, higher inflation, and higher interest rates than would otherwise be the case, the Bank of New Zealand says.BNZ head of research Stephen Toplis said Trump has promised aggressive tariff protection of the US industry, which doesn't bode well for exporters.While there are many unknowns, “some sort of protectionism is a given, and this will be negative for global growth as some of the benefits of globalisation unwind”, he said.Meat, wine and cas...

More Economy

Treasury expects to downgrade forecasts
Economy

Treasury expects to downgrade forecasts

Per capita GDP has fallen 4.6% since the September quarter of 2022.

Spending cuts hurting growth scope, group says
Economy

Spending cuts hurting growth scope, group says

The group of economists call for the next Budget to be kinder to the economy.

No respite for NZD, RBNZ set to cut OCR
Economy

No respite for NZD, RBNZ set to cut OCR

The central bank is due to make a policy decision on Nov 27.

Rebecca Howard 20 Nov 2024
A bold bid to pick winners
Economy Analysis

Pattrick Smellie: A bold bid to pick winners

It's a long time since a NZ Govt backed a completely new economic idea.

Pattrick Smellie 15 Nov 2024