NZ dodges recession, 2011 optimism grows
New Zealand avoided a double-dip recession last year, with latest GDP figures showing economic growth of 0.2pc in the December 2010 quarter. Manufacturing activity drove the expansion, up 2.5 per cent.
AdvertisementAdvertise with NZME.
Latest fromASB Bank Limited
Auckland property sales lift in February
The number of house sales in Auckland bounced back from January's slump, with new listings returning to more normal levels.
BNZ, Kiwibank follow the trend, cutting interest rates
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
NZ dollar near 6-month TWI low on quake and Libya
The New Zealand dollar has fallen to a near six-month low on a trade-weighted basis.
Christchurch earthquake to prompt OCR cut, says ASB economist
An ASB Bank economist says she expects Reserve Bank governor Alan Bollard to cut the official cash rate by 50 basis points to 2.5 per cent in part due to the economic impact of the Christchurch earthquake.
Banks recover from 2009 rout but lending slow, says report
Lending to customers at New Zealand's banks grew by a meagre 0.7 per cent in the second half of their financial year, a new report shows.
Term deposits most popular NZ investment choice, survey
Just 6 per cent of investors think shares offer the best rate of return, while rental property is still a popular investment, according to a survey by ASB.
The $47 billion rural hangover
Think it's all good down on the farm? Think again. Property values are plunging, and the crisis could yet hit the cities too, reports Karyn Scherer.
<i>David Chaplin:</i> KiwiSaver defaults face death sentence
Abolishing the KiwiSaver default scheme ...