Latest / The Kākā by Bernard Hickey
NZ economy sliding into wintry deep freeze
Briefly, in Aotearoa-NZ’s political economy around housing, poverty and climate on Tuesday, May 6:
* Growth in our housing-market-with-bits-tacked-on of an economy is stalling and sliding back into a deep freeze as the winter months approach, despite 200 basis points of rate cuts and pledges from PM Christopher Luxon to ‘go for growth.’ (See more in feature article below)
* The Government’s ever-tighter spending policies and its investment freeze since early 2024 are combining with fears about the global economy to depress construction sector activity, housing market activity, retail sales…
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