Economy
Explore the latest economy news by BusinessDesk
Coronavirus
Covid-19 economic impact creates 'new vulnerable' - Gluckman
Former chief science advisor to the prime minister, Peter Gluckman, says New Zealand could see a huge increase in mental health issues in the wake of the covid-19 pandemic. Appearing before the epidemic response committee this morning, Gluckman said New Zealand was “not yet at th...
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Finance
Mortgage lending showing signs of the sniffles
On the face of it, the Reserve Bank’s latest mortgage lending numbers of $6.2 billion for March can be taken as a measure of decent health, up about $410 million year-on-year. The lending numbers are relatively subdued however, in the context of the overheated property market...
Infrastructure
Covid-19 hit to Fletcher won't be as bad as GFC - analysts
Government support measures mean the impact of the coronavirus crisis on Fletcher Building's core New Zealand operations won't be as bad as the hit they took during the global financial crisis, according to Craigs Investment Partners analysts. They also expect the impact of th...
Retail
Turners sticks to car subscription plans as cloud hangs over rentals
Turners Automotive will still roll out its car-sharing subscription service in June, albeit with stringent "contactless" policies, as border closures create lingering headaches for the rental car market. Chief executive Todd Hunter said its Carly.co scheme, a “Kiwi-ism” of th...
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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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