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13 Nov 2019 13:40
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  •   Home > News > Business

    Attempts to grow the slowing domestic economy are being met with little success

    Attempts to grow the slowing domestic economy are being met with little success


    New figures reveal the global economic slowdown will continue to be a drag on New Zealand's economy over the next year.

    The Reserve Bank has already made attempts to stimulate growth, by dropping the OCR to a record low.

    But Infometrics Chief Forecaster Gareth Kiernan says that hasn't changed much.

    He says it's not the interest rate that's causing people to hold back on investments, it's economic uncertainty.

    © 2019 Newstalk ZB, NZCity


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     Today's News

    Business:
    The New Zealand Blood Service says today's strike by lab workers won't have a major impact on its services 13:27

    Accident and Emergency:
    One person's died after a two-vehicle crash at Awakeri, in the Bay of Plenty 13:27

    Politics:
    Australian Timothy Weeks and American Kevin King could be released in Taliban prisoner exchange 13:17

    Entertainment:
    Kim Kardashian West is "really cautious" about over spending 13:14

    Rugby League:
    Kiwis half Kieran Foran will miss the next year of rugby league 13:07

    Law and Order:
    The star witness at a Dunedin murder trial has back-tracked on evidence he gave yesterday 12:47

    Entertainment:
    Gwen Stefani didn't want Nick Jonas to replace her on 'The Voice USA' 12:44

    Rugby:
    Highlanders coach Aaron Mauger has put his All Blacks coaching ambitions on ice 12:37

    International:
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    Business:
    The company that owns the Tui oil field, off the Taranaki Coast, may be insolvent 12:27


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