Economy

Treasury warns growth might be weaker than December forecast

Rebecca Howard
Mon, 06 May 2019

By Rebecca Howard May 6 (BusinessDesk) - Treasury says partial indicators suggest New Zealand's economic growth has been throttled back and may be lower than it forecast in the December half-year update. Among other things, the government's principal financial advisor pointed to still-weak business confidence in the New Zealand Institute of Economic Research's quarterly survey of business opinion. It noted that firms’ own trading activity, which tends to be a good lead indicator for economic growth, deteriorated over the March quarter....

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Pushpay leads stock market higher
Dan Brunskill | Wed, 23 Sep 2020

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.

Retail
Moa to open Azabu in iconic Mission Bay spot
Victoria Young | Wed, 23 Sep 2020

The company is bullish about a return for hospitality having recently received investment from wealthy agricultural family the Cushings, and Big Chill’s Colin Neal.  

Infrastructure
Two-month delay in Tui decommissioning
Gavin Evans | Wed, 23 Sep 2020

The government has lost up to two months in its efforts to get an undersea inspection of the Tui oil field underway in preparation for decommissioning.In July, the Ministry of Business, Innovation and Employment sought bids from firms interested in inspecting and testing the fiel...

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.