Economy
Explore the latest economy news by BusinessDesk
Primary Sector
Climate change burden, benefits must be spread fairly
By Gavin Evans June 4 (BusinessDesk) - Setting stringent climate change targets without understanding their cost or feasibility risks placing an unfair burden on some sectors, climate change professor David Frame says. Moving New Zealand to a net-zero carbon economy will ha...
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Policy
Budget 2019: Economists largely positive but sceptical about some Treasury forecasts
By Rebecca Howard May 31 (BusinessDesk) - Economists were largely upbeat about the government's 2019 budget but say Treasury's forecasts may be too optimistic. The Treasury lowered its growth forecasts but still sees gross domestic product growth of 3 percent in the 12 mon...
Retail
NZ consumer confidence eases to six-month low
By Rebecca Howard May 31 (BusinessDesk) - Consumer confidence eased in May to a six-month low but continues to hover around the historical average. The latest ANZ-Roy Morgan survey of consumer confidence fell 4 points in May to 119.3, but remained above the neutral 100-poi...
Policy
NZ dollar firms after government's "wellbeing" budget
By Jenny Ruth May 30 (BusinessDesk) - The New Zealand dollar rose a little after the Labour-led government’s “wellbeing” budget forecast fiscal surpluses will be smaller as spending ramps up. The kiwi was trading at 65.24 US cents at 5pm in Wellington from 65.11 at 7:50am....
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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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