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Economy
New Zealand’s Filled Job Numbers Hit a New High in April 2021
May 28, 2021 12:21 PM AEST| By SonalSummary Stats NZ revealed that filled jobs rose and hit a new high in April 2021. Construction, healthcare and construction were amongst the biggest drivers of the increase in filled job numbers. Filled jobs have resumed to a more upward trend.....
RBNZ Governor Says Housing Inflation is Temporary
May 27, 2021 03:01 PM AEST| By RomaSummary Housing prices in New Zealand could cool down soon. Reserve Bank Governor analyses the current scenario. Government efforts to control housing prices might soon be fruitful. With the housing industry have been seeing a lot of ups .....
Countries to Take A Vow For Productive, Climate-Controlled Tomorrow
May 26, 2021 03:30 PM AEST| By RomaSummary UN Secretary General calls for a round table conference of world leaders. They will rally to focus on sustainable development. COVID-19 vaccination equity one of top priorities. In a big announcement, Antonio Guterres, the Secreta.....
No Surprises As RBNZ Keeps OCR Unchanged At 0.25%
May 26, 2021 01:53 PM AEST| By ManikaIn line with the expectations, the Reserve Bank of New Zealand (RBNZ) decided to keep the current monetary support with OCR unchanged at 0.25%. Even the Large-Scale Asset Purchase and Funding for Lending remains the same. The Monetary Po.....
GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan
May 26, 2021 12:39 PM AEST| By Team Kalkine MediaSummary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag.....
New Zealand imports surge in April led by vehicles and crude oil
May 26, 2021 12:13 PM AEST| By SonalThe monthly trade balance of New Zealand was a surplus of $388 million in April 2021, as per the data released by Stats NZ on overseas merchandise trade. While goods exports increased 1.2% to $5.4 billion, goods imports surged 26% to $5 billion in th...
US Home Prices Surge To 15-Year High Amid Scarce Supply
May 26, 2021 09:58 AM AEST| By Team Kalkine MediaSummary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag.....
What are expectations from RBNZ’s upcoming policy meet?
May 25, 2021 03:32 PM AEST| By SonalSummary RBNZ widely expected to leave the cash rate on hold and upgrade economic forecasts. Economic data has continued to show improvement since the last policy meeting. However, RBNZ likely to keep cautious amid downside risks to growth. .....
New Zealand’s Retail spending grows 2.5% in Q1 2021
May 24, 2021 12:51 PM AEST| By SonalSummary The total retail sales volumes (seasonally adjusted) in New Zealand rose 2.5% on quarter in March 2021. Higher retail expenditure on electrical and electronic goods (+8.4%) and recreational goods (+16%) helped in improving overall spend.....
Budget 2021 Aims At Greenhouse Gas Emissions; A glance At 5 NZX Energy Stocks- ZEL, MEL, MCY, TPW, TLT
May 22, 2021 06:00 AM AEST| By SonalSummary The New Zealand government has set out new funds and policies in budget 2021 to reduce the country’s GHG emissions. Budget has revealed the government’s plans to make investments in rail, EVs, and agriculture for greener pra.....
Would New Zealand’s Budget Open Doors For More Employment In The Country?
May 21, 2021 03:09 PM AEST| By ManikaSummary Unemployment numbers still not that high in New Zealand Economic revival will boost employment. With focus on higher training for Kiwis, government revived the Training Incentive Allowance. The New Zealand Budget 2021 was mainl...
Budget 2021: What Is On the Horizon For New Zealand’s SMEs?
May 21, 2021 12:08 PM AEST| By Team Kalkine MediaSummary With the emergence of numerous technological innovations during the coronavirus pandemic, SMEs to scale up their digitalisation process. Budget 2021 announces ‘The Digital Boost Training Programme’. The programme aims at au.....
Would Budget 2021 Restore Vigour In New Zealand Property Market?
May 21, 2021 11:35 AM AEST| By SonalSummary House prices are anticipated to slow down in the coming years. A fall in expected house price growth could hinder the economic growth of New Zealand. Maori housing gets a budget boost. New Zealand has been struggling with relentle.....
Why Is The Budget 2021 A Crucial One?
May 20, 2021 07:15 PM AEST| By ManikaSummary Budget 2021 was crucial for NZ It had to strike a fine balance between the country’s recovery from COVID-19’s ill effects and development. Focus on social investments will help in removing inequities. Federal Budget 20.....
Budget 2021: What Is In There For Pandemic Hit Sectors?
May 20, 2021 07:05 PM AEST| By RomaSummary Budget 2021 has been termed as a COVID-19 recovery budget keeping country safe and health the main plans of Budget Have a look at the various provisions made by the government to achieve the same. The much-anticipated Budget for 2.....
Budget 2021: Is A Stronger-Than-Expected Economic Recovery Ahead for New Zealand?
May 20, 2021 05:32 PM AEST| By SonalNew Zealand has just delivered a well-being Budget for 2021. The budget represented the government’s plans on economic recovery of the country and a strategic approach for the future. This involved solving challenges arising from COVID-19, rebu...
Budget 2021: Women & children: What’s In Store For Them?
May 20, 2021 04:44 PM AEST| By RomaSummary How has the 2021 budget treated women and children? What kind of welfare programs have been announced to help them? Are these plans actually feasible and provide actual benefit to women and children? The much-awaited 2021 New Zeal.....
Which New Zealand Sectors Are The Biggest Winners in Federal Budget 2021?
May 20, 2021 04:34 PM AEST| By Team Kalkine MediaSummary New Zealand’s Welfare Budget 2021 unveiled by the Finance Minister. Māori housing and child welfare appear to have benefitted majorly from the new Budget. Health and education also noted major funding in Budget 2021. New Ze...
NZ’s Economic Recovery On Track, Budget To Give it a Booster Dose
May 20, 2021 04:22 PM AEST| By ManikaSummary New Zealand’s economic growth expected to peak at 4.4% in 2023. Unemployment to decrease to 4.2% from the current levels with 221,000 more jobs on the cards by 2023. Deficit to fall from 5.3% of GDP in 2022 to 0.6% by the end of .....
10 Takeaways From The New Zealand Budget 2021
May 20, 2021 03:16 PM AEST| By SonalThe New Zealand government has released its budget for 2021, which it has dubbed as "Wellbeing Budget" because it was established in response to the economic challenges posed by COVID-19. The budget has focussed on benefits and health being the...
