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Rural Economy
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Muted performance
Tuesday, 21 October 2008
Events on the world stage continue to post downside risks to the New Zealand economy. In the United States the situation in the housing market continues to deteriorate with falling prices, construction, and real estate turnover.
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Good position going forward
Monday, 22 September 2008
I have been travelling extensively around the country over the past few weeks giving talks about interest rates, the exchange rate, the housing market, and why businesses should try to enjoy the recession because it has provided the best opportunity to source scarce labour in a great number of years.
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Sustainable export the way to go
Wednesday, 20 August 2008
The Reserve Bank has finally started cutting interest rates and we expect at each review of the cash rate over the next few months they were cut by 0.25%. Ultimately the cash rate, which is now at 8%, is likely to get to 6% late next year with a possibility that it goes as low as 5.5%.
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Any light at the end of the tunnel?
Wednesday, 23 July 2008
Recently Statistics New Zealand released data showing the New Zealand economy shrank by 0.3% during the March quarter.
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Keep an eye on the $
Friday, 20 June 2008
On a number of occasions over the past four years the Reserve Bank have indicated they believe inflationary pressures are under control and that further tightening of monetary policy will not be necessary.
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Don't panic Mr Mannering!
Monday, 19 May 2008
One of the jobs of us economists is to analyse news very quickly as it emerges and at the same time as we give instant positive and negative interpretations of the data and events we have to remember to step back from what we are talking about.
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Rural economy ready to fight back
Monday, 21 April 2008
Is it good or bad for the farming sector in New Zealand if our economy experiences a very slow growth period and perhaps even meets the technical definition of a recession later this year? Provided the international situation does not get any worse the answer is an unequivocal yes. Bring it on.
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Rocky ride ahead
Wednesday, 19 March 2008
Farmers, like all exporters, will be fervently hoping for some relief from the high NZ dollar in the near future.
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