New Zealand exporters may encounter difficulties with overlapping free trade agreements and varying rules of origin, creating a “spaghetti bowl effect.”
The Emissions Trading Scheme is undergoing a landmark review. Forestry will play a crucial role, but there is tension between reducing and sequestering emissions.
Migration and international travel are recovering. But the shifted dynamics, and the balance between long-term departures and arrivals, pose a challenge.
Budget 2023, shaped by competing dynamics, lived up to its name – the “no frills” budget. It also revealed that we are playing catch-up with our largest neighbour.
New Zealand lags behind OECD countries in terms of R&D expenditure, but is edging closer to the Government's target of R&D expenditure equal to two percent of GDP
It looks like the worst of inflation may be behind us. The labour market is showing early signs of cooling down, oil prices have fallen, and OCR hikes seem to be working.
The New Zealand economy contracted late in 2022 indicating that the recession, which has largely been engineered, may have started nearly six months ago.
The IPEF provides New Zealand with a broader engagement in decarbonisation, environmental, and digital standards, which could create new opportunities at home and abroad.