Latest from Economy

Treasury forecasts 9pc growth

The Treasury delivered a cheerful set of economic forecasts in its half-year update yesterday, revising up its forecasts for the next two years.

Russia aids ruble with big rate rise + video

Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy.

Govt spending cuts key to surplus

The Government's widely touted return to surplus is likely to take a further 12 months and is largely reliant on cuts to spending.

No surplus this year - Treasury

Opposition parties say new Treasury forecasts that the Crown's books will not return to surplus this year as promised by the Government are an embarrassment.

John Armstrong: Quixotic English like dog with bone

Economic growth expected to hit high

Economic growth is expected to average a historically high annual rate of 2.8 per cent over the next five years.

Brian Fallow: Lima's main gain - We're all in it together

At least the global climate change conference at Lima was not a train wreck, like Copenhagen five years ago.

Growth in services slows down

The services sector slowed in November while remaining in expansion, adding to evidence the economy is adjusting to a more moderate pace of growth.

KiwiSaver: Tax number key to getting Oz super here

I've read a few articles about bringing Australian super across to KiwiSaver. I worked in Sydney for a year back in 2000.

Top public servants get pay packet rises

Embattled public service supremo Iain Rennie enjoyed a $50,000 salary bump last year, but it was eclipsed by several other public sector bosses.

Oil plunges to five-year lows

Cheaper spring time veggies push food prices down

New Zealand food prices fell in November led by cheaper spring time vegetables and cheese prices.

PGC settles with former exec in bonus pay stoush

Politicians squabble over inequality

John Key drew criticism over an OECD report which estimated that growth in income inequality over 20 years has knocked 10 percentage points off NZ's economic growth.

Manager fired for excessive net use

An account manager fired for her excessive internet use and who used work time to run her two small businesses has been awarded $5000 by the ERA.

Govt deficit bigger than expected

The New Zealand government's operating deficit was wider than expected in pre-election forecasts as income tax lagged.

Robyn Pearce: When a big task bogs you down

Income inequality stunts NZ growth - OECD

The NZ economy would have been 10pc larger were it not for a steep rise in income inequality in the late 1980s, says OECD report.