We follow the economic events and trends that affect New Zealand.
OECD growth momentum leaking away
US retail momentum slows, productivity tanks. US cattle farmers retreat. Japanese machine tool orders dip. Aussie confidence diverges. OECD glum.
Norway hoards hydro electricity
US inflation expectations ease. Congress passes Biden plan. China squeezes Taiwan hard. China battles wider pandemic spread. Norway hoards electricity.
Global inflation pressures easing off
Global food prices fall. China exports rise on US demand. Japanese spending up. US jobs gains impress. India hikes +50 bps.
Raf Manji: Did the RBNZ's Covid-19 response follow a misdiagnosis of the problem?
TOP Leader Raf Manji says an inquiry into the RBNZ's Covid-19 response could help establish a blueprint for managing future crises
Still lots of global trade, just different
US labour markets stable, awaits non-farm payrolls report. US trade deficit narrows, Canada's trade surplus up, Australia's zooms higher. Container shipping costs fall.
Shannon Barlow: How and why employees hold the power in the labour market and not employers
Frog Recruitment Managing Director Shannon Barlow on what's going on in the job market and why