'Mismanaged': Expert Calls for Faster Reform in NZ Economy

New Zealand enjoys GDP bump of 0.8 per cent in QI

New Zealand has posted its best GDP growth figures in almost two years, though the economy is still 1.1 per cent smaller than it was a year ago.

New Zealand economy grows faster than expected in Q1

WELLINGTON (Reuters) -New Zealand’s economy grew at a faster pace in the first quarter, as the economy slowly recovered following a technical recession in the middle of 2024. Official data on Thursday showed gross domestic product (GDP) rose 0.8% in the first quarter from the previous quarter, faster than analysts’ forecasts for a 0.7% increase. The Reserve Bank of New Zealand had forecast the economy to grow 0.4%. Annual GDP decreased 0.8%, Sta…

'Mismanaged': Expert calls for faster reform in NZ economy

“We’re on the cusp of dramatic change … and New Zealand is not fully prepared for it.” That’s the view of David Teece, one of the world’s leading business...

Economic growth still in the hole dug in 2024

Data released by Stats NZ today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1% said NZCTU Te Kauae Kaimahi Economist Craig Renney. “This is positive data for the first quarter of this year, but the fact that the economy is about the same size it was in March 2023 tells you that essentially we have had almost zero economic growth (0.3%) over the past two years.” “GDP per capita ($52,872) is now lower …

The Economy is melting down because of this Government, not despite it

I don’t think we appreciate that for parts of the economy, we have serious and rising pain… ‘Economy hits a brick wall’ as services sector continues to decline – economist The services sector continues to decline with all indicators consistent with an economy in recession. BusinessNZ Performance of Services Index (PSI) for May was down 4.1 points to 44, which was well below the long-term average of 53. Anything below 50 points indicated contract…