Wednesday, 23rd January, 2019
Happy New Year. We hope you enjoyed a nice relaxing break and are ready to face the year ahead. It’s back to reality for those who have already returned back to work, with politics in the US and UK triggering a bumpy start to the year. The partial US government shutdown has now officially become the longest in history. Meanwhile, the UK appears it may be heading to the March 29 Brexit deadline without a deal in place, with the Prime Minister’s deal with the EU lacking support ahead of a key UK vote this week. Back in NZ, we hope to start the New Year on a more positive note, looking to see a recovery in Q4 business confidence and signs that NZ can shake off its poor economic performance in Q3. We discuss the weak Q3 GDP growth performance and our expectations for the economy over 2019.