Articles by Liam Dann
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Business
'Upside surprise': NZ limps out of recession, GDP rises 0.7%
Thursday, 20 March 2025, 1:25pmNew Zealand’s economy bounced out of the worst (non-Covid) recession since 1991 with stronger than expected growth in the...
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Business
Out of recession: New Zealand’s GDP rises 0.7%
Thursday, 20 March 2025, 10:09amNew Zealand’s gross domestic product (GDP) rose 0.7% in the December 2024 quarter, following a 1.1% decrease in the September...
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Business
Recession over, but outlook subdued, business survey shows
Thursday, 27 February 2025, 3:08pmThe latest ANZ Business Outlook survey paints a mixed picture of the outlook for recovery with overall confidence up but...
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Business
Watch: Reserve Bank Governor speaks after OCR cut, major banks lower lending rates
Wednesday, 19 February 2025, 1:58pmThe Reserve Bank has cut the Official Cash Rate (OCR) by 50 basis points in its February Monetary Policy Statement. The move...
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Business
33,000 jobs gone in a year - new data reveals extent of recession
Wednesday, 5 February 2025, 10:46amUnemployment rose in the last quarter of 2024 to 5.1%, up from 4.8% in the September quarter. Annually, unemployment rose...
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Business
Rising rents keep inflation stuck at 2.2%
Wednesday, 22 January 2025, 10:50amThe largest contributor to the annual inflation rate was rent, up 4.2%, according to Stats NZ figures released today. Almost...
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Business
'Worst since 1991': NZ in deep recession after massive GDP fall
Thursday, 19 December 2024, 10:48amNew Zealand’s gross domestic product crashed by 1% in the September 2024 quarter, a much larger fall than economists had...
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National
Interest rates: Kiwibank cuts fixed mortgage rates, term deposits
Monday, 9 December 2024, 11:14amKiwibank has cut mortgage and deposit rates, dropping the key two-year fixed rate to 5.59% from 5.69%, for those with more...
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Business
Official Cash Rate cut: Reserve Bank says more cuts to come in February
Wednesday, 27 November 2024, 1:51pmThe Reserve Bank has cut the Official Cash Rate by 50 basis points to 4.25%, as widely expected, and indicated another 50-basis-point...
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Business
Headed for Oz: Kiwi departures continue to set new records
Wednesday, 13 November 2024, 11:52amThe number of New Zealand citizens leaving the country long-term continues to set new records, Stats NZ said today. New...
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Business
New jobs data in: Unemployment rises to 4.8%
Wednesday, 6 November 2024, 9:01amUnemployment rose to 4.8% in the September quarter - worse than in June but better than many pundits had expected. The seasonally...
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Business
On the up - business confidence continues rise, ANZ survey shows
Thursday, 31 October 2024, 1:50pm“Business optimism continues to rise, with forward-looking activity indicators higher again, and a decent lift in reported...
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Business
'End of crushing price rises' as inflation falls
Wednesday, 16 October 2024, 10:53amInflation fell in the September quarter to its lowest rate in more than three years — and if not for rent rises and council...
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Business
Brain drain: A record 81,200 Kiwis departed in year to August as fewer migrants arrived
Friday, 11 October 2024, 12:37pmNew Zealand’s annual net migration gain continues to dwindle as fewer migrants arrive and Kiwis continue to depart in record...
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Business
'Brighter days ahead': Reserve Bank cuts OCR by 50 basis points to 4.75%
Wednesday, 9 October 2024, 1:45pmThe Reserve Bank has today cut the official cash rate (OCR) by 50 basis points to 4.75%. The Monetary Policy Committee said...
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Business
GDP falls 0.2%: 'Effectively a recession that's lasted two years' - economist
Thursday, 19 September 2024, 10:44amNew Zealand’s gross domestic product (GDP) fell 0.2% in the June 2024 quarter, narrowly escaping technical recession after...
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Business
Soaring chocolate and olive oil prices push annual food price inflation up
Thursday, 12 September 2024, 12:35pmSpikes in the chocolate and olive oil prices offset cheaper fruit and vegetables to push annual food price inflation up slightly...
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Business
Petrol savings on the way as global oil price slumps to lowest this year
Wednesday, 4 September 2024, 11:21amGlobal financial market turmoil overnight has come with a silver lining for motorists as oil prices have slumped to their...
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Business
Business confidence soars to highest in a decade – ANZ
Thursday, 29 August 2024, 2:23pmBusiness confidence has soared to the highest level in a decade, according to the ANZ Business Outlook survey for August. Topline...
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Business
Watch: 'Darkest before the dawn': Reserve Bank cuts OCR, Luxon fronts media as banks slash rates
Wednesday, 14 August 2024, 1:29pmThe Reserve Bank has cut the official cash rate by 25 basis points to 5.25%. It is the first cut since March 2020. New Zealand’s...
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Business
Kiwi citizens still departing at historically high levels, net migration gain eases
Tuesday, 13 August 2024, 11:44amNew Zealand had a net migration gain of 73,300 in the June 2024 year, down from the peak of 136,600 in the October 2023 year,...
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Business
Unemployment rose to 4.6% in the June quarter. But will that prompt a rate cut?
Wednesday, 7 August 2024, 10:55amThe job market deteriorated in the June quarter, with unemployment rising to 4.6%. That’s up from the 4.3% rate in the March...
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Business
Business confidence rises with a ‘can’t get any worse vibe to it’ - ANZ
Wednesday, 31 July 2024, 2:04pmBusiness confidence jumped 21 points to +27 in July, and firms’ expectations for their own activity lifted 4 points to +16,...
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Business
‘The worst will soon be past’: ANZ survey shows consumer confidence bounce
Friday, 26 July 2024, 11:30amConsumer confidence bounced back from recessionary lows in July, ANZ-Roy Morgan’s survey shows. “It’s still very low, but...
