Energy shock to be protracted
Kia ora.
Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news Qatar has being hit hard by Iranian missiles today, upending the global trade in natural gas. In fact, it is clear now there will be a protracted energy shock that everyone needs to adjust to. The impacts are ahead and aren't going away.
Elsewhere, US initial jobless claims came in at +190,000 last week, a slightly bogger dip than seasonal factors would have expected…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.