2018 World Indigenous Business Forum showcasing indigenous business and trade

Monday October 15, 2018 Amanda Reid
Gala dinner

The 9th annual World Indigenous Business Forum (WIBF) was held in Rotorua 9-11 October 2018, the first time the event has been hosted in Aotearoa. The forum was first held in New York City in 2010 and 2011, and has also been hosted in Namibia, Guatemala, Canada and Chile. Te Ohu Wai Ao* organised the Rotorua event, with Chair Richard Jefferies lobbying since 2012 for the right to host.

Trump trade troubles

Wednesday September 19, 2018 Merewyn Groom
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On Tuesday morning (NZ time) the Trump administration announced further tariffs in the escalating trade war between the world’s two biggest economies. China has stated they intend to impose retaliatory tariffs on U.S. goods.

California fires

Tuesday August 14, 2018 Merewyn Groom

As a volunteer firefighter I keep an eye on wildfire related events around the world. In thinking about the Californian fires I’m struck by the similarities and differences to the Wellington bushfire situation. In some cases the similarities have led to opposite effects.

Pity the poor smoker

Thursday May 17, 2018 Mark Cox
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On 14 May 2018, Statistics New Zealand published an interesting analysis of how inflation has affected different parts of the population. The analysis was based on Household Living-Costs Price Indexes (HLPIs) and it covered 13 different household groups, comprising: Maori; beneficiaries; superannuitants; households in five income quintiles; and households in five expenditure quintiles.

Why nations fail

Monday May 14, 2018 Julian Williams

Drawing in part from, we ask why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?

Is a trade war coming between the US and China?

Friday February 23, 2018 Hugh Dixon
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In January 2018 the US imposed a 30 percent tariff on imports of solar panels. Also, measures to restrict the import of steel and aluminium is being considered by the White House on the basis that the imports are a threat to US national security...

Bond market risks to global economic outlook

Monday February 12, 2018 Julian Williams
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“Brighter prospects, optimistic markets, challenges ahead” is the headline of the 22 January release of the World Economic Outlook by the International Monetary Fund (IMF). Global growth forecasts for 2018 and 2019 have been revised upward from the previous quarter by 0.2 percentage points (pp) to 3.9 percent. Half of the 0.2 pp comes from expected economic stimulation from United States tax policy changes, raising United States real gross domestic product 1.2 percent by 2020, with increased imports and a widening current account deficit.

Moving from TPP to CPTPP

Tuesday February 06, 2018 Hillmare Schulze

The 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) of the Trans-Pacific Partnership (TPP) are set to sign the deal, without the United States, in March this year in Chile. This pact was reached late January this year after two days of talks in Tokyo. At this meeting the TPP was also renamed to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Belt and Road Initiative

Wednesday January 17, 2018 Hugh Dixon

The ‘Belt and Road’ initiative was launched in 2013 by China, with the aim to establish two trade routes linking China to Europe, Central Asia and South Asia. These trade routes, the Silk Road Economic Belt and the Maritime Silk Road provide the name of the initiative.

O wad some Pow'r the giftie gie us …

Thursday October 05, 2017 Mark Cox
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So said Robert Burns, Scotland’s most famous literary figure, reflecting on seeing a louse on a lady’s bonnet during a church service. Roughly translated, Burns was saying how good it would be if we could view ourselves objectively.

US Federal Reserve commences asset sale

Tuesday September 26, 2017 Hugh Dixon
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The US Federal Reserve announced in late September 2017 that it will begin one of the largest mass sales in its history. The US Federal Reserve is seeking to reduce the US$4.5 trillion in American security assets it currently holds

Understanding Debt

Monday July 24, 2017 Dr Ganesh Nana

It is with considerable disappointment that New Zealand and many New Zealanders – with political and economic commentators amongst the worst – continue to misunderstand debt and, in particular, New Zealand’s debt situation.

US GDP and Employment

Wednesday June 21, 2017 Hugh Dixon
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In the year to March 2017, the US economy grew by 1.9 percent.  As shown in the figure below this is down slightly on the 2 percent growth seen in December 2016, and below the average growth across the last five years of 2.1 percent. 

Why do we trade?

Wednesday February 08, 2017 Konrad Hurren

The first article in this series briefly explored who trades, noting that it is individual people and firms who trade, not nations. This article continues my description of trade from a fundamental perspective by exploring why individual people and firms trade.

Benefits from trade – a fundamental perspective

Friday December 02, 2016 Konrad Hurren

The United States has elected Trump, Britain has Brexited with talks of exiting from the Common Market, and an agreement between the EU and Canada looks shaky. Clouds gather on the world of free trade as people express concern over international trade and nationalist sentiment rises.

Brexit: Stock markets sanguine, but a rough ride is still likely

Monday July 04, 2016 Mark Cox

The immediate reaction of pundits in the financial world to the Brexit vote in the UK was one of shock, quickly followed by near-panic. Share prices had been buoyant just before the vote, in the belief that a Remain result was assured. But they fell sharply on the day the result was announced, and they fell further on the following trading day. The general view was that Brexit would lead to significant economic disruption and, in all probability, recession.

Property Report: The Auckland enigma

Monday March 07, 2016 Nadine Bowen

Dr Ganesh Nana, chief economist and executive director at Business and Economic Research Limited (BERL), says the gap between Auckland and New Zealand prices is unlikely to be closing anytime soon.

Memo to deflation deniers

Wednesday February 24, 2016 Dr Ganesh Nana

To those inflation hawks that believe inflation continues to lurk in the dark shadows, please peruse the follow charts noting in particular …

World economy seeking new leader to spur growth

Friday August 28, 2015 Hugh Dixon

In the 1990s it was America spurring world economic growth, in the 21st Century it has been China fuelling the world’s economic growth.  With China showing more and more signs of a faltering economy, will the US be able to pick up the mantle, will a new country or region pick up the pieces, or will the world’s economy simply limp along waiting for China to kick start its economy? 

Chinese stock market losses dwarf Greek tragedy

Sunday July 12, 2015 Hugh Dixon

The Chinese government has over the last week gone all out in order to halt the falling prices in the Shanghai Composite Stock Exchange (SSE).   On the 9th July 2015, prices on the SSE have finally stopped falling, after they had dropped by 30 percent (or NZ$4.8 trillion) since June 12th 2015, for comparison Greece currently owes NZ$524 billion, while its GDP is NZ$351 billion.

Greece in turmoil

Monday July 06, 2015 Masrur Alam Khan

On Sunday (05/07/2015) the people of Greece voted ‘No’ to a referendum seeking their support for a debt agreement proposed by their ‘troika’ of creditors that includes the European Union’s (EU’s) executive arm (the European Commission), the European Central Bank (ECB) and the International Monetary Fund (IMF).

The 2015 Australian Budget, Economic Highlights:

Thursday May 21, 2015 Hugh Dixon

The Australian Government presented their 2015 Budget on the 12th May 2015. The budget covered the Australian Government funding for the 2015/16 financial year. The Australian Government is forecast to collect a total of A$405.4 billion in revenue in the upcoming financial year, while paying A$434.5 billion in expenditure, leaving an forecast deficit of A$29.1 billion. The Australian Government has been running budget deficits since the 2008/09 financial year.

US Economy – picking up steam?

Tuesday September 10, 2013 Hugh Dixon

The release of three major US economic indicators over the last two weeks, are all pointing to the fact the US economy has been picking up steam since March 2013. If the US economy can sustain this stronger growth over the coming year than the US economy will be in good shape to sustain strong growth over the coming years. A strong growing US economy will go a long way in helping the global economy; including New Zealand’s economy to grow at a higher level.

US Employment – Showing strong growth in June 2013

Thursday July 11, 2013 Hugh Dixon

In July 2013, the United States of America’s (US) Bureau of Labour Statistics (BLS) has released data on the US’s employment and unemployment for the June 2013 month. In the month of June 2013, America’s non-farm employment increased by 195,000 to 144 million, after a 195,000 increase in the May 2013 month.

Cracking a Chinese niche market

Wednesday May 29, 2013 Dr Guang Yang

As widely publicised, the first quarter of 2013 saw China replace Australia as the main destination for New Zealand’s exports. What is also worth noting is the speed of change that has occurred in getting to this position.This is notable as it indicates a momentum, and potential, for the future.

Australian Budget 2013

Friday May 17, 2013 Hugh Dixon

Julia Gillard’s Australian Federal Government released their budget for the 2013-14 year on Tuesday 14 May 2013. The Australian government’s budget like so many around the world, including New Zealand, is aimed at returning the Australian Government’s books to a surplus.

US employment growing slowly in March 2013

Monday April 15, 2013 Hugh Dixon

While employment rose in March 2013, it was the smallest increase in monthly employment since June 2012, according to the released data on the US’s employment and unemployment for the March 2013 month by the United States of America’s (US) Bureau of Labour Statistics (BLS) The average monthly increase over the year to March 2013 was 159,000.

Cyprus Bailout – The Right Decision?

Tuesday March 26, 2013 Hugh Dixon

On Monday 25th March (NZ time), the Cypriot Government along with the heads of the European Union (EU), the European Central Bank, and the International Monetary Fund, came to an agreement about how Cyprus would raise the €5.8 billion from its banking sector.

China planning to enforce paid annual leave

Monday February 25, 2013 Dr Guang Yang

China is looking to enforce paid annual leave more rigorously to ensure that most workers can enjoy better holidays by 2020. Currently, the length of paid annual leave varies, but largely depends on how long one has served in his or her current workplace.

US Federal Reserve announce stimulus targets

Friday December 14, 2012 Hugh Dixon

On 12th December 2012 the US Federal Reserve announced, for the first time, its explicit stimulus thresholds. The Federal Reserve announced that it will hold official rates at 0.25 percent for as long as the US unemployment rate was above 6.5 percent, and that inflation two years out is no more than 0.5 percent above the Federal Reserve 2 percent long-run goal.

Australian economy continues to hum

Tuesday September 11, 2012

Australian GDP and unemployment data for the June 2012 quarter reveals that, overall, the Australian economy continues to grow strongly. But, the fact that the Reserve Bank of Australia has been lowering the Official Cash Rate throughout 2012 is an indicator that the RBA is worried that this growth will not continue without some help.