NZ At A Glance

New Zealand At A Glance

Stephen Toplis -

The New Zealand economy is bouncing back strongly from the depths of the recession. There is genuine cause for optimism that the country is on the right track. However, this needs to be tinged with a good dose of realism, as economic activity simply cannot recover to pre-Covid levels for some time, and the full pain of what may prove to be a double-digit unemployment rate is yet to be felt. Fiscal policy will remain the primary source of stimulus though it is imperative that it is well directed towards high-returning investment activity. Monetary policy will remain the supporting act and will be highly stimulatory for the foreseeable future