NZ inflation expectations dwindle as shine taken off economy

Article – BusinessDesk

Aug. 19 (BusinessDesk) – New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn’t have to rush to raise interest rates again. Read more »

Research NZ Budget Observer – Still On Track For Surplus

Press Release – HSBC Bank

New Zealand’s Treasury today released their pre-election budget update, ahead of the 20 September vote. The government still expects to get back to surplus in 2014/15, albeit a slightly smaller surplus than expected in May. The growth forecasts were … Read more »

Nothing to Smile About in Economic And Fiscal Update

Press Release – New Zealand First Party

There is no good news in the pre-election economic and fiscal update released today, says New Zealand First. Read more »

Government “opening of the books” shows wasted opportunity

Press Release – Council of Trade Unions

The economic and fiscal forecasts in the pre-election update the opening of the governments books shows how the Government has failed to grasp the opportunity of the Global Financial Crisis to rebalance the economy, says CTU … Read more »

Soaring debt shows National poor economic managers

Press Release – Green Party

Treasurys pre-election update today shows net government debt will be substantially higher than forecast just three months ago, the Green Party said today. Read more »

Two Big Election Names – Economically Speaking

Press Release – Family Help Trust

A unique opportunity for the Canterbury business community to hear the latest views and news on the economy will take place on Thursday 4 September at Food for Thought: The Cuningham Taylor Business Lunch , held in the Silks Lounge, Addington Raceway … Read more »

It’s downhill from here under National

Press Release – New Zealand Labour Party

The forecast drop in exports and predicted halving of growth shows that its downhill from here with National, Labours Finance spokesperson David Parker says. Read more »

Pre-election Economic and Fiscal Update 2014

Press Release – New Zealand Treasury

Full PREFU: prefu14whole.pdf Full Executive Summary with charts: prefu14pt2of11.pdf Online: Pre-election Economic and Fiscal Update 2014 The Treasury – New Zealand Read more »

On track to surplus, more jobs, higher incomes

Press Release – New Zealand Government

New Zealand is on track to Budget surplus this year, backed by good growth, more jobs and higher incomes under the Governments economic programme, according to Treasurys Pre-election Economic and Fiscal Update issued today. Read more »

Falling commodity prices take heat out of NZ economy: Prefu

Article – BusinessDesk

Aug. 19 (BusinessDesk) – This year’s drop in global dairy and log prices has slowed the pace of the New Zealand economy earlier than expected, while lower than anticipated GST receipts are likely to trim the projected government surplus, according to the … Read more »

Prefu shows National’s economic credentials intact

Article – BusinessDesk

Aug. 19 (BusinessDesk) – The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. Read more »

National to cut $3.8bn from health, education, environment

Press Release – Green Party

Findings in an independent analysis of the Governments books, commissioned by the Green Party, reveal National is planning multi-billion dollar cuts to health, education, and environment spending over the next three years. Read more »

Milk story may be turning sour

Press Release – HSBC Bank

– Dairy prices fell sharply in the past six months (-40%), largely reflecting an apparent ramp-up in Chinese milk powder inventories last year, which is now being run down Read more »

Business Confidence Falls

Press Release – Tauranga Chamber of Commerce

Business confidence in the Northern region fell dramatically in the latest Chamber of Commerce Survey. Read more »

NZ dollar holds below 85 US cents as dairy auction looms

Article – BusinessDesk

Aug. 18 (BusinessDesk) – The New Zealand dollar was little changed below 85 US cents as a lack of local data had traders watching geopolitical tensions in Ukraine and the Middle East while awaiting the next GlobalDairyTrade auction to see if dairy … Read more »

PREFU likely to confirm dropping exports

Press Release – New Zealand Labour Party

Nationals economic management will be put under the spotlight in tomorrows PREFU given clear signs the so-called rock star economy has fallen off the stage, with plummeting prices for raw commodity exports, Labours Finance spokesperson … Read more »

NZ service sector expands in July, holding above average

Article – BusinessDesk

Aug. 18 (BusinessDesk) – New Zealand service sector activity grew at a faster pace in July, holding above its long-term average, and fuelling firms’ appetite to invest back into their business. Read more »

More taxes equals a slower economy & fewer jobs

Press Release – New Zealand National Party

The Greens/Labour recipe of more and higher taxes would stall New Zealand’s economic recovery just when we are getting back on our feet after the Global Financial Crisis, Nationals Associate Finance spokesman Steven Joyce says. Read more »

Green Party to Choke the Golden Goose

Press Release – New Zealand Taxpayers’ Union

Reacting to the Green Party s policy announcement to raise the top personal income tax rate to 40% for earnings over $140,000, Jordan Williams, Executive Director of the Taxpayers Union says: Read more »

World Week Ahead: Economic reality check

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Data to be released in the US and Europe in the days ahead will go a long way to determining whether the threat to global growth will prove transitory, and give investors a green light to push stock prices ever higher. Read more »

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