News | Business
29 Mar 2024 8:13
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Experts are blaming travel restrictions for the shrink in our economy

    Experts are blaming travel restrictions for the shrink in our economy


    Compared to 2019, the New Zealand economy has shrunk three per cent.

    Spending is up within the majority of retail sectors, with some even seeing an increase.

    But ASB chief economist Nick Tuffley says the slight hole is down to the border restrictions.

    He says we earn so much more from the tourists that come into New Zealand than we pay away when travelling overseas.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
     28 Mar: The price gap between new builds and existing properties is starting to narrow
     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
     27 Mar: 'Bizarre' and unbelievable: Gas-rich Australia's looming need for LNG imports draws fire
     27 Mar: A bit of an economic mixed bag has 2024 shaping up to be a fairly flat year
     Top Stories

    RUGBY RUGBY
    Chiefs Manawa fullback Renee Holmes is sceptical over a merge between Super Rugby Aupiki and the Australian Super W competition in the near future More...


    BUSINESS BUSINESS
    Another pay offer is on the table for Police - after union members labelled the last one insulting More...



     Today's News

    International:
    A global cocoa shortage could soon impact the price of chocolate, and PNG growers are cashing in 8:07

    Rugby:
    Chiefs Manawa fullback Renee Holmes is sceptical over a merge between Super Rugby Aupiki and the Australian Super W competition in the near future 8:07

    Rugby League:
    To rugby league's NRL.. 7:57

    Entertainment:
    Steve Harvey could easily "get rid" of one of his daughter's boyfriends 7:53

    Living & Travel:
    Dog owners are being reminded Easter egg hunts can be deadly for their pets 7:47

    Motoring:
    Christchurch Police have arrested three people, summonsed 11 others, and impounded 13 vehicles after the Chrome car show earlier this month 7:37

    Golf:
    To a Foxy-finish with a flourish on golf's PGA Tour.. 7:27

    Entertainment:
    King Charles and Queen Camilla will attend the Easter Sunday service at Windsor Castle 7:23

    Living & Travel:
    A reminder to pet owners this long weekend to take the safety of their pets seriously 7:17

    Entertainment:
    Bill Nighy thinks he could deliver a baby via caesarean section 6:53


     News Search






    Power Search


    © 2024 New Zealand City Ltd