Results 1 to 6 of 6

Thread: Hows the Economy in NZ?

  1. #1
    msta999 is offline Junior Member
    Join Date
    Dec 2008
    Posts
    16

    Default Hows the Economy in NZ?

    I would like to know if the economy, in NZ, is being effected by current events? Is there a big difference between now and a couple years ago? What does the future look like?

    Any input on this subject would be great.

    Thanks.

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Default

    Apparently there is a recession in NZ as in some other countries around the world. You might pick up some info by reading some of the posts in the What's in the News category of the forum about how people are weathering the storm.
    Mother Bear

    Try to bloom wherever you are planted.

  3. #3
    zummerzet_lou's Avatar
    zummerzet_lou is offline your flexible friend
    Join Date
    Jul 2007
    Location
    Christchurch, NZ
    Posts
    447
    Blog Entries
    6

    Default

    The recession here is not at the same extent that it is in the UK .. at the moment! We have only been here a few months so it is kinda hard to tell - but I think the worst is yet to come.

    House prices had boomed in NZ, but they are falling quite dramatically at the moment. Jobs are OK, but there are a few less advertised jobs now, then when I was applying a few months ago - although some of this may be attributed to the Xmas season.

    I dont' think it's a good time particularly anywhere ... a lot depends on your motvives for the move.
    EOI Submitted 8th July 2007, 140 points no job offer.
    EOI Selected 18th July 2007
    ITA pack received 12th Oct 2007
    Completed ITA posted to NZIS 26th November 2007
    Case Officer assigned approx 22nd Feb 2008
    Immigration interview 7th May 2008
    PR AIP 10th May 2008
    Arrived in NZ, August 13th

    Check out our website -> http://the-clarks.freehostia.com/

  4. #4
    TanyaJ is offline Member
    Join Date
    Aug 2008
    Location
    Auckland
    Posts
    83

    Default

    Its pretty bad. We had 3 staff members retrenched in the last couple of weeks and it doesnt look like it will improve soon.

    If it were me I'd sit tight until things improve.

  5. #5
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Unhappy

    Treasury tips big job losses as slump bites
    4:00AM Friday Dec 19, 2008
    By Audrey Young

    The Treasury forecasts that 68,000 New Zealanders will lose their jobs in the next 15 months.

    But if the international recession worsens, it says, that figure could reach 87,000.

    That would mean 162,000 unemployed, or as high as 181,000.

    It also forecasts much bigger deficits than it did before the election - $11 billion within five years.

    And it says financing the deficit will send Government debt soaring, from 17.5 per cent of gross domestic product to 33 per cent in five years and much, much higher beyond that.

    But Finance Minister Bill English yesterday said he was not willing to accept persistently rising debt as a given.

    "We are not going to let this happen," he said.

    Dealing with a persistently rising burden of debt would be too big a burden for future workers.

    A combination of effective management of Government spending and higher than expected growth rates would turn the debt track around, Mr English said, "and we are determined to do so".

    More here.
    Mother Bear

    Try to bloom wherever you are planted.

  6. #6
    johnmstroup is offline Junior Member
    Join Date
    Mar 2009
    Posts
    6

    Default Economy

    I think that it depends on what industry you are in. The ag and forestry sectors have been affected little, construction has been hit hard. There are lots of layoffs predicted as in most other places. All in all, I feel as though I'm in a relatively safer place in NZ as far as the economy goes. Kiwis look after their own, and look after people that have made effort to make a go of moving here, the catagory I'd be in. Things have slowed, but they haven't stopped.

Similar Threads

  1. A bit about the NZ economy....
    By MotherBear in forum What's in the news?
    Replies: 0
    Last Post: 26-08-2008, 04:37 PM
  2. Economy on death spiral
    By MotherBear in forum What's in the news?
    Replies: 1
    Last Post: 21-07-2007, 08:17 PM
  3. Immigrants keeping economy boyant
    By MotherBear in forum General NZ Chat
    Replies: 0
    Last Post: 22-11-2006, 04:51 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46