November 24th, 2024

Economy

Global headline inflation is expected to fall from 8.7% in 2022 to 7.0% in 2023, while core inflation is likely to decline more slowly.
Economy
1 year ago

IMF report warns of global economic slowdown amid financial sector turmoil and stubbornly high inflation

The International Monetary Fund (IMF) reports that early 2023 hopes of a soft landing for the world economy have faded due to persistently...

The decline in household net worth can be attributed to a $12.3 billion or 1.0% drop in owner-occupied property values during the December quarter.
Economy
1 year ago

New Zealand household net worth declines by $10.3 billion in December 2022 quarter

New Zealand's household net worth experienced a $10.3 billion decrease in the December 2022 quarter, according to Stats NZ's quarterly data published...

Productivity growth is critical to the overall health of any economy, as it drives economic growth and competitiveness.
Economy
1 year ago

New Zealand's productivity growth is encouraging, but there is more work to do

New Zealand's productivity levels have shown a promising increase of 2.2% in the year ended March 2022, according to the latest data from Statistics...

Featured News

Net worth has fluctuated due to shifting asset values, particularly in property and investment holdings.

Household spending surpasses income as net worth drops by $47 billion

News
The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

News
Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

News
Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

News
Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business