Economy

Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?

Is it going to be a well-being Budget or COVID-19 recovery Budget for 2021? According to Finance Minister Grant Robertson, it will, in many ways, stil...

Would New Zealand’s SMEs Gain From Budget 2021?

Summary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many busin...

ANZ foresees OCR rate to hike gradually from August 2022

Summary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2...

Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2...

Summary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 ai...

ASB Offers Low Interest Rates for Newly Built Properties

Summary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the...

Can inflation woes spark a firestorm in global markets?

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days,...

After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?

Year 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exceptio...

Restructure Of the KiwiSaver Signals Improved Benefits For The Defau...

Summary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting...

NZ Manufacturing Drops In April, But Still in An Expansionary Mode

Manufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ.  Manufacturing activity dropped...

Jacinda Ardern Optimistic About NZ’s Growth With Possible FTAs With...

New Zealand Prime Minister Jacinda Ardern gave valuable insights and spoke on a variety of issues faced by the country during the current year as the...

New Zealand Food prices up 1.1% in April as tomato oversupply ends a...

Summary New Zealand’s food prices soared 1.1% in April 2021 month on month. Higher tomato and cucumber prices were the main contributors in...

With House Sales Down in April, Have The Government Measures Started...

Summary NZ house sales down in April, prices remain up. Some think it is a normal thing in April. Some analysts feel that it could be the early s...

US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows

Summary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertain...

New Zealand’s Retail Expenditure Zooms Up In April 2021

Summary April 2021 recorded a huge surge of NZ$6.1 billion in New Zealand’s retail card spending. The apparel and fuel segment noted the lar...

New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Fr...

Summary The New Zealand government has drawn enough criticism from several workers on extending the pay freeze to the public sector. The step has...

Housing Crisis Deepens in New Zealand

Summary Housing crisis in the country hits new lows. The average house price witnessed a sharp surge. According to predictions, things could get...

Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in B...

Finance Minister Grant Robertson, at a pre-budget speech in Auckland, stated that obtaining recovery and investing in the welfare of Kiwis was the emp...

US Employment Numbers Fall Short of Expectations in April 2021

Against widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Departmen...

Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey...

Summary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confiden...

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel...

Summary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a cl...