There has been a halving of the international price of New Zealand’s largest export (dairy) since February and the price of the nation’s largest import category (oil related products) has fallen by more than a quarter over recent months. This amidst the biggest net immigration boom the country has ever seen and all the while trying to rebuild its second biggest city. Yes, there is a bit to consider regards the influences on New Zealand’s economic outlook.
Read the full report: Economic Research