US and NZ economic prospects brighten as Christmas approaches

US and NZ economic prospects brighten as Christmas approaches
Jenny Ruth
The prospects for both the domestic and United States economies appear to be brightening, with the proviso that the US and China make tangible strides to resolving their trade war. On the local front, the government's half-year economic and fiscal update due on Wednesday will be the major event while the Federal Reserve will be announcing its last decision on monetary policy after the US economy added far more jobs than expected in the past three months, driving the unemployment rate back to 50-year lows. In New Zealand, the HYEFU will co...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024