Bite-sized video updates on the New Zealand economy and markets.
We have downgraded our forecasts for 2018 GDP growth, and upgraded our forecasts for 2019 and 2020. Our analysis of the new Government’s effect on the economy is more mixed that the Reserve Bank’s take, or the chatter in financial markets.
New Zealand is about to buck the global trend and shift the central bank away from inflation targeting. If the new legislation is designed well, the dual target of inflation and employment will have no practical impact. If it is designed poorly, it could be damaging.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
New Zealand is going to commit to net zero carbon emissions by 2050. That target makes it inevitable that agriculture will be included in the Emissions Trading Scheme.
The global economy is firing on all cylinders, creating fairly reasonable global prices for New Zealand’s key farm exports. However, there are still a couple of things to watch out for, including a potential slowdown in China’s economy and supply increases among our competitors.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.