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Oil Drop Brightens NZ Economic Outlook | Auckland News
ASB economists are sounding more optimistic, predicting the worst of the economic downturn may be behind us thanks to falling oil prices, which are easing inflation fears and boosting confidence for households and businesses. After a tougher-than-expected year marked by global uncertainty and high fuel costs, the economy showed a 0.8% GDP bounce last quarter, with tourism rebounding strongly to 93% of pre-pandemic levels. While spending and investment still feel the pinch, and the job market remains sluggish, growth is regaining momentum. With inflation looking less daunting, the Reserve Bank…
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