This was a dire week for the economy - but experts say things can only go up from here.

Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.

This is the biggest drop since 1991, excluding the Covid-19 lockdowns.

Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.

LISTEN ABOVE

This was a dire week for the economy - but experts say things can only go up from here.
Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter.
This is the biggest drop since 1991, excluding the Covid-19 lockdowns.
Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/de46c607-ea47-4c3a-917d-b24b006cddc7/transcript

Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year.

The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September.

Fisher Funds expert Sam Dickie explains further.

LISTEN ABOVE

Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year.
The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September.
Fisher Funds expert Sam Dickie explains further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the US Federal Reserve adopting a hawkish outlook for 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7098d0df-3774-4aec-8b42-b24b00709edc/transcript

The Country's Jamie Mackay has been catching up with politicians and farming experts to discuss their picks for Ag Person of the Year.

There's been a diverse range of favourites - but who is Jamie's?

He revealed his favourites for 2024, ahead of his final show for the year.

LISTEN ABOVE

The Country's Jamie Mackay has been catching up with politicians and farming experts to discuss their picks for Ag Person of the Year.
There's been a diverse range of favourites - but who is Jamie's?
He revealed his favourites for 2024, ahead of his final show for the year.
LISTEN ABOVE

Jamie Mackay: The Country host hints towards his ag person of the year for 2024

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f682392f-8828-4a47-80b3-b24b006ed58b/transcript

Mastercard is pushing back against the Commerce Commission's plan to put a cap on credit card fees.

The Commission says regulation for credit and contactless payments could deliver $280 million in savings a year for merchants and consumers. 

But Mastercard New Zealand says the draft decision is disappointing, will undermine competition, and set back the local economy.

Mastercard NZ Country Manager Ruth Riviere says these suggestions by the Commerce Commission will bring down interest in investing in New Zealand.

"We're really clear that there's these unintended consequences of what's being proposed."

LISTEN ABOVE

Mastercard is pushing back against the Commerce Commission's plan to put a cap on credit card fees.
The Commission says regulation for credit and contactless payments could deliver $280 million in savings a year for merchants and consumers.&nbsp;
But Mastercard New Zealand says the draft decision is disappointing, will undermine competition, and set back the local economy.
Mastercard NZ Country Manager Ruth Riviere says these suggestions by the Commerce Commission will bring down interest in investing in New Zealand.
"We're really clear that there's these unintended consequences of what's being proposed."
LISTEN ABOVE

Ruth Riviere: Mastercard New Zealand Country Manager responds to Commerce Commission moving to cap credit card fees

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2343ff09-8986-493b-a788-b24b0063a63d/transcript

Liam Dann: NZ Herald business editor at large on GDP dropping 1 percent in the September quarter

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips