Watch and prepare to adopt new technologies - Productivity Commission

Watch and prepare to adopt new technologies - Productivity Commission
Gavin Evans
By Gavin Evans Sept. 12 (BusinessDesk) - New Zealand should monitor the impact of new technologies on labour markets internationally while looking for ways to improve our capacity to take them up and adapt to any changes that result, the Productivity Commission says. While some forecasters are predicting deep jobs losses in some sectors from the take up of artificial intelligence and other forms of automation, the commission says the rate of uptake of technology internationally appears to be slowing rather than accelerating. And while...

More Economy

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025
Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025
Paul Bloxham: NZ's growth to stem worker outflow to Australia
Economy

Paul Bloxham: NZ's growth to stem worker outflow to Australia

HSBC's chief economist says NZ will benefit from Chinese economic pivot.

Capital requirements review doesn't mean they are too high
Economy

Capital requirements review doesn't mean they are too high

The Reserve Bank of NZ is not committed to any one particular outcome. 

Rebecca Howard 07 May 2025