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Thread: Recession in NZ?

  1. #1
    Afsi is offline Junior Member
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    Default Recession in NZ?

    Hi
    I have seen that during last months the NZ$ had a significant growth rather than other currencies, does it mean that the NZ economy is growing?

  2. #2
    gnom's Avatar
    gnom is offline Member
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    Default

    I am not an expert but I would say that NZ is still in Recession. The currency is growing because of the key interest rate which is 2.5 % compare with 0 % in most of the other countries.
    Got Job offer in November 2007
    Got 3-years work visa valid to 15.01.2011 in Jan 08
    Landed in Wellington the 16th January 2008
    Work permit for my partner submitted the 26th Jan 08
    Loged EOI the 27th January 2008
    Was selected the 31st January 2008
    Work permit/visa granted for my partner the 20th Feb 08
    Loged my PR the 28th March 2008
    PR approved 23.07.2008

    Cheers
    Gnom

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