Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Austerity and recession: Three simple graphs that explain New Zealand’s economic crisis
Economists working on macroeconomic policy – things like taxes and spending, interest rates and border controls on flows of trade and money – often refer to a set of key relationships governments can influence. In the textbooks, each of those relationships is drawn as a curve in a graph.
Relief is on the horizon for NZ biz, but are you prepped to weather the storm?
As New Zealand grapples with economic uncertainty, the Reserve Bank’s recent interest rate cut offers a glimmer of hope for businesses. However, with consumer spending still cautious and rising unemployment looming, businesses must strategically prepare for the challenges ahead. Luke Fossett outlines key strategies for navigating this transitional period and optimising cashflow in a shifting market.
5 simple cybersecurity tips that could save your business big
As a small business owner you might think that your business is too small for a cyber attack. As a matter of fact, according to the New Zealand National Cyber Security Centre (NCSC), 43% of cybercrime is targeted at small businesses. SMEs make especially good targets because they’ve got much to lose. Luckily, there are some easy, cost-effective ways you can adopt to increase your cyber security resilience as a business owner.
Removing roadblocks to building infrastructure
New Zealand has a widely acknowledged infrastructure deficit, which is holding us back socially, economically and environmentally, Land Information Minister Chris Penk says.
New Zealand’s e-commerce market to reach $10.8b by 2028
The e-commerce market in New Zealand is expected to grow at a compound annual growth rate (CAGR) of 7.1%, reaching $10.8b (NZD17.6 b) by 2028, according to GlobalData. This growth is driven by a significant shift from offline to online shopping.
Positive signs from China but forest owners should hold the high-fives
After what has seemed like an eternity of headwinds, it looks as though we finally have some positive signs from China, with October A grade wharf gate prices boosting through the $120/m3 glass ceiling for the first time in seven months.
Why global exposure is critical for Kiwi investors
When it comes to investing, it’s natural to start locally. Familiarity with a company, whether from being a customer, witnessing its growth, or sensing its potential can serve as a solid foundation for your research. However, many investors look to invest globally for higher returns. That has proven rewarding – the All-Country World Index has returned 12.2% a year for the past decade in NZD, compared to 9.0% for the NZX50 gross index.
Why young Kiwis leaving is a big worry for the economy
Keeping young New Zealanders in the country – or encouraging them back when they leave – will be vital to help the country balance the books in the future. But economists say offering them a tax cut, as Portugal is, is unlikely to be the solution.
Consumers Price Index inflation falls to 2.2%: Why it didn’t slow down even more
Inflation fell in the September quarter to its lowest rate in more than three years – and if not for rent rises and council rates, the price slowdown would have been even more dramatic.
Economists warn of lasting economic changes after New Zealand’s high inflation
Inflation may be back within the Reserve Bank’s target band, but the experience of the past few years has changed the economy in ways that have been described as “seismic”.
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