Reserve Bank believes inflation is transitory - back to 2% next year.
ANZ's profit was up 44% on the previous year. The other banks must have faired pretty well too.
NZ Economy has done well despite no tourism. Farming has been our saviour and now New Zealand feeds 10 x its population. Farming exports are expected to hit a record $49.1 billion next year and further growth out to 2025.
The only way to derail our healthy farming exports economy is if the Greens get to sabotage it with extensive regulation measures. This could happen if they get a proper seat at the table - next election.
There's a lot to fret about but at least it's not all bad news and there's no need to panic. I've heard some first homeowners say they think they shoud sell so they can get their equity out before house prices plummet. I guess many will follow through and end up back where they started - not on the property ladder.
cheers,
Donna
ANZ's profit was up 44% on the previous year. The other banks must have faired pretty well too.
NZ Economy has done well despite no tourism. Farming has been our saviour and now New Zealand feeds 10 x its population. Farming exports are expected to hit a record $49.1 billion next year and further growth out to 2025.
The only way to derail our healthy farming exports economy is if the Greens get to sabotage it with extensive regulation measures. This could happen if they get a proper seat at the table - next election.
There's a lot to fret about but at least it's not all bad news and there's no need to panic. I've heard some first homeowners say they think they shoud sell so they can get their equity out before house prices plummet. I guess many will follow through and end up back where they started - not on the property ladder.
cheers,
Donna
Comment