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Economy
Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?
May 17, 2021 08:21 PM PDT| By ManikaIs 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, still be a COVID-19 Budget. Even though, the NZ economy has been resilient to the impacts of COVID-19.....
Would New Zealand’s SMEs Gain From Budget 2021?
May 17, 2021 07:41 PM PDT| By SonalSummary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many businesses have hopes on various fronts from the upcoming budget. Small and medium enterprises (SM.....
ANZ foresees OCR rate to hike gradually from August 2022
May 17, 2021 01:44 AM PDT| By SonalSummary 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 2023. RBNZ due to meet on May 26 to decide on OCR rates. Australia and New Zealand Banking Gr.....
Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050
May 16, 2021 09:47 PM PDT| By Team Kalkine MediaSummary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping i.....
ASB Offers Low Interest Rates for Newly Built Properties
May 16, 2021 07:49 PM PDT| By RomaSummary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the market conditions after increasing prices. Housing Sector woes seem nowhere close to end rig.....
Can inflation woes spark a firestorm in global markets?
May 14, 2021 10:47 AM PDT| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 14, 2021 10:05 AM PDT| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 12:19 AM PDT| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w.....
NZ Manufacturing Drops In April, But Still in An Expansionary Mode
May 13, 2021 10:30 PM PDT| By ManikaManufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ. Manufacturing activity dropped by 5.2 points in April as compared to March. According to a report by BusinessNZ. The Performance .....
Jacinda Ardern Optimistic About NZ’s Growth With Possible FTAs With UK And EU In Future
May 13, 2021 01:00 PM PDT| By Team Kalkine MediaNew 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 nation awaits Budget for this year. Ardern’s speech came almost after a week after Grant Ro.....
New Zealand Food prices up 1.1% in April as tomato oversupply ends and minimum wage rises
May 12, 2021 08:59 PM PDT| By SonalSummary New Zealand’s food prices soared 1.1% in April 2021 month on month. Higher tomato and cucumber prices were the main contributors in driving food prices up. An increase in minimum wage also added to the overall rise in food prices.....
Will Higher Inflation Affect US Macroeconomic Performance?
May 12, 2021 08:06 PM PDT| By Team Kalkine MediaSummary Economists have warned if inflation persists, the situation could get worse. Rising inflation could impact key macroeconomic parameters like growth, GDP, and employment. Given the central bank’s mandate to maintain inflation typi.....
With House Sales Down in April, Have The Government Measures Started Paying off?
May 12, 2021 07:56 PM PDT| By ManikaSummary 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 signs that govt measures are paying off. Looks like, the government’s measures to contro.....
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
May 11, 2021 04:05 PM PDT| By Team Kalkine MediaSummary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc.....
New Zealand’s Retail Expenditure Zooms Up In April 2021
May 10, 2021 09:19 PM PDT| By Team Kalkine MediaSummary 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 largest number of consumers’ expenditure. Retail sector raking in benefits through schemes lik.....
New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze
May 09, 2021 10:00 PM PDT| By SonalSummary The New Zealand government has drawn enough criticism from several workers on extending the pay freeze to the public sector. The step has been taken to lessen the pay gap amongst income groups. Robertson is denying claims of the NZ gov.....
Housing Crisis Deepens in New Zealand
May 09, 2021 09:22 PM PDT| By RomaSummary Housing crisis in the country hits new lows. The average house price witnessed a sharp surge. According to predictions, things could get better in the near future. New Zealand housing crisis seems far from over with ever increasin.....
Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021
May 09, 2021 07:44 PM PDT| By SonalFinance Minister Grant Robertson, at a pre-budget speech in Auckland, stated that obtaining recovery and investing in the welfare of Kiwis was the emphasis of Budget 2021. He announced that there would be more regular spending and capital investment...
US Employment Numbers Fall Short of Expectations in April 2021
May 08, 2021 08:56 PM PDT| By DaminiAgainst widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Department showed that the economy added a disappointing 266,000 jobs last month. The report came as a sur.....
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 05, 2021 10:30 PM PDT| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all .....
