Economy | Accountancy Insurance

New Zealand’s Economic Growth Exceeds Expectations of Many Analysts

In the third quarter of 2019, New Zealand’s GDP rose by more than many analysts predicted. In the three months to the end of September, the economy rose by 0.7 per cent. ASB accurately predicted a 0.7 per cent increase, but the Reserve Bank and ANZ had forecasted growth of…

Inland Revenue Targets Hospitality Businesses in their ‘Sleep Easy’ Campaign

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In a renewed ‘Sleep Easy’ campaign to eliminate the hidden economy, Inland Revenue staff paid visits to restaurants, bars, cafes and takeaways in the Queenstown hospitality sector. The sector’s high risk of unreported cash sales and employees being paid under the table resulted in IR’s recent visits to Queenstown businesses,…

New Zealand’s Slowing Economy Inspires Varying Theories – and Plenty of Blame

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New Zealand’s economy continues to lose momentum this year, experiencing its lowest annual growth rate since 2013. This dip has been accompanied by an increase in negativity across the news media, with businesses and consumers alike questioning international trade tensions, global economic health, and Brexit. The country’s GDP increased by…

Low Unemployment and Surprising Cuts from Reserve Bank Create Possibilities for New Zealand’s Economy

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The current jobless rate in New Zealand is the lowest since before 2008’s economic crisis, causing earnings to increase even apart from the rise in the minimum wage. The rate of unemployment is now at 3.9 percent, down from the previous rate of 4.2 percent. Statistics New Zealand stated that…

Concern Mounts as New Zealand’s Economy Starts to Show Signs of Slowdown

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Economic growth in New Zealand continues to perform well by most measures, although businesses across the country are worried about a slowdown in economic performance as a result of inflation. A sense of optimism among business leaders is notably lacking at present, in the wake of Prime Minister Ardern’s declared…

New Zealand is Equipped to Handle Global Slowdown, Despite Business Challenges

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In April, the IMF predicted that New Zealand’s economy will perform well when compared to other OECD members, despite the likelihood of a global slowdown. Analysts remain concerned about a lingering fallout from the trade war between the United States and China, which has been going on for some time and has…

NZ Seeking the Right Balance between Exports, Tourism and the Environment

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Growing tourism numbers, the various business benefits of the Trans-Pacific Partnership (TPP), and an increased investment in environmental protection are already beginning to shape New Zealand’s economic trends for the coming year. How these trends will be managed, and in particular how the government will navigate the intersection between economic…

Strong Fundamentals Underpin NZ’s Strategy for Economic Growth

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Recent efforts to refine and balance New Zealand’s economic system have already shown impressive results, with the country outcompeting most others on the world stage in several areas. The World Bank’s Doing Business 2019 report recently ranked NZ first worldwide on its ‘ease of doing business’ scale, which singles out countries with…

National Party promises tax relief – but do the numbers add up?

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In his state of the nation speech delivered at the end of January, National Party leader Simon Bridges explained that his party will offer ‘rolling tax relief’ to help with increased expenses. “New Zealanders’ incomes are struggling to keep up with the rising cost of living because this Government is imposing more…

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Tag: Economy

New Zealand’s Economic Growth Exceeds Expectations of Many Analysts

Inland Revenue Targets Hospitality Businesses in their ‘Sleep Easy’ Campaign

New Zealand’s Slowing Economy Inspires Varying Theories – and Plenty of Blame

Low Unemployment and Surprising Cuts from Reserve Bank Create Possibilities for New Zealand’s Economy

Concern Mounts as New Zealand’s Economy Starts to Show Signs of Slowdown

New Zealand is Equipped to Handle Global Slowdown, Despite Business Challenges

NZ Seeking the Right Balance between Exports, Tourism and the Environment

Strong Fundamentals Underpin NZ’s Strategy for Economic Growth

National Party promises tax relief – but do the numbers add up?

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