OECD fears 'large, sudden' house price fall in NZ

OECD fears 'large, sudden' house price fall in NZ
Better use of digital technology on-farm is crucial to economic performance, says OECD. (Image: Getty)
Pattrick Smellie
A “large and sudden” fall in house prices is a primary risk to New Zealand’s immediate economic outlook, the Organisation for Economic Cooperation and Development (OECD) said in its latest report card on the country.Released this morning, the survey also identifies a sharp slowdown in the Chinese economy as a threat to NZ’s relatively strong economic performance during the the covid-19 pandemic, which it says has been underpinned by high global prices for agricultural products and unsustainable levels of government suppo...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024