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25 Apr 2024 6:30
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  •   Home > News > Business

    The travel bubble is a much bigger deal for our economy..

    The travel bubble is a much bigger deal for our economy..


    Two way, quarantine free travel between here and Australia starts next Monday.

    HSBC Chief Economist Paul Bloxam says it's going to be a key support for growth in New Zealand.

    He says Australians normally spend about 60 billion dollars on international travel every year

    Bloxam says you take 10 per cent of that and pushed it over to New Zealand it would be about one and a half per cent of our GDP -- which is a hefty amount.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     24 Apr: New Zealand has achieved its first trading surplus since last May
     24 Apr: A new role awaits versatile Crusaders back David Havili ahead of his injury return in Friday's home clash against the Rebels in Christchurch
     24 Apr: Hallensteins Glassons has topped a list of fines - out of serious compliance breaches found in the New Zealand sharemarket
     24 Apr: After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules
     24 Apr: Job growth in the small business sector is a positive sign, despite uncertainty in the market
     24 Apr: Farmers see RMA reform as common sense returning to the farm gate
     23 Apr: Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result
     Top Stories

    RUGBY RUGBY
    A new role awaits versatile Crusaders back David Havili ahead of his injury return in Friday's home clash against the Rebels in Christchurch More...


    BUSINESS BUSINESS
    New Zealand has achieved its first trading surplus since last May More...



     Today's News

    Entertainment:
    Paris Hilton hopes her children will be "best friends" 6:03

    Politics:
    Children's Minister Karen Chhour won't need to front the Waitangi Tribunal 5:07

    International:
    The growing awareness of the impact and importance of Gurkha and Sikh troops during World War I 22:27

    Motoring:
    Dame Lisa Carrington's pinpointed what continues to drive her as she paddles towards a fourth Olympics 21:57

    Entertainment:
    Jon Bon Jovi hasn't "been a saint" in his marriage 21:33

    Entertainment:
    Calista Flockhart dismissed Harrison Ford as a "lascivious old man" when they first met 21:03

    Entertainment:
    Sarah Ferguson, Duchess of York, used to put daughters Princesses Beatrice and Eugenie out "in the freezing cold" to teach them empathy. 20:33

    Entertainment:
    Dave Rowntree has thrown Blur's future into doubt by declaring he won't tour with the band if he is elected as an MP 20:03

    Entertainment:
    Victoria Beckham believes used to look "grump and stern" in pictures because she was feeling "nervous and insecure" 19:33

    International:
    Skies over Athens, Greece, turn orange from Sahara dust storm 19:07


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