Lates News

Moody's Analytics Assistant Economist Shannon Nicoll described the New Zealand economy as being severely impacted due to the continuous decline in employment in the country. He added that the dizzying tariffs imposed or threatened by the United States on its trading partners, as well as the escalating trade tensions since April, have exacerbated this pain, leading many businesses to postpone investment and hiring. However, the employment market in the country may already be at its weakest point. Nicoll stated that the recovery of domestic demand in the coming quarters will provide support for employment growth. He also added that the New Zealand central bank is still expected to further cut interest rates in August.