Economy
Explore the latest economy news by BusinessDesk
Coronavirus
China returns to work; freight roadblocks mount in Europe
About 80 percent of companies in China are now back up and running with manufacturing taking a little longer to revive following that country's coronavirus lock-down, according to New Zealand Trade & Enterprise."Every day and every week, there's more and more production coming ba...
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Policy
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NZTE exporter advice service to manage virus risk
New Zealand Trade & Enterprise has earmarked $4 million of its existing budget to fund a professional advice service to established exporters to help them manage through the coronavirus pandemic.Each exporter who applies will be given a voucher for up to $5,000 per business to ga...
Services
Hoteliers poised to cut workforce by up to 40% in 'existential crisis'
The New Zealand Hotel Owners' Association warns its members could lay off up to 40 percent of their staff as travel restrictions leave their accommodation empty.The industry group's members operate about 100 hotels and employ around 9,000 staff. Their occupancy levels are down 75...
Strong govt balance sheet a good starting point
The government’s low level of debt puts New Zealand on more solid ground heading into a pandemic-induced global recession.The government’s net debt was sitting around 19 percent of GDP at the end of January, although Finance Minister Grant Robertson said yesterday it will rise ab...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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