Economy
Explore the latest economy news by BusinessDesk
Borrowers – and banks – face uphill squeeze even as the economy stabilises
Rising take-home pay is getting increasingly gobbled up.
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Finance
Mortgage stress to double by early 2025 – RBNZ’s financial stability report
The nation's financial system is still broadly sound.
Unemployment up, wages rise as job market gets more ‘spare capacity’
The official unemployment rate rose to 3.9% in the year to Sept 30, from 3.6% previously.The new figure released on Wednesday came as high interest rates put the squeeze on the economy.The employment rate fell to 69.1% from a high of 69.8% last quarter.But that rate is still high...
Economic data downpour to continue
Domestic and international data is raining down this week.
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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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