Will tourism be a silver bullet for the current account?

Will tourism be a silver bullet for the current account?
Treasury is banking on incoming tourism. (Image: Getty)
Rebecca Howard
The government’s latest economic projections point to an uncertain global environment that could spell further trouble for the current account if a forecast lift in tourism numbers doesn’t pan out.Global growth in 2023 is likely to be the lowest since the early 1990s, excepting the global pandemic and global financial crisis, Treasury said in its half-year economic and fiscal update. That’s hardly conducive to inbound tourism or demand for New Zealand products, both critical for a narrower deficit. The current account def...

More Economy

RBNZ chief economist defends culture of debate amid criticism
Economy

RBNZ chief economist defends culture of debate amid criticism

Conway speaks of a robust debate culture within the RBNZ monetary policy committee.

Dileepa Fonseka 21 Feb 2024
An autopsy of 14 years of ‘fiscal drag’
Economy

An autopsy of 14 years of ‘fiscal drag’

Who stands to gain from National’s proposed tax bracket adjustments?

Gregor Thompson 20 Feb 2024
Health not the only system ailing
Economy

Dileepa Fonseka: Health not the only system ailing

Spiraling issues need more than a Band-Aid. 

Dileepa Fonseka 19 Feb 2024
Scoring Luxon’s State of the Nation speech
Economy Analysis

Pattrick Smellie: Scoring Luxon’s State of the Nation speech

The prime minister has either found a speechwriter or is finding his voice. Maybe both.

Pattrick Smellie 18 Feb 2024