World Economy

NZ In for a Bumpy Ride

NZ In for a Bumpy RideNZ In for a Bumpy Ride

The Brexit decision is a body-blow to the global outlook and New Zealand is decidedly vulnerable to the ensuing global turmoil, a leading Kiwi economist says. In BERL’s just released updated forecast, chief economist Ganesh Nana says the stubborn economic fog has thickened considerably as a result of the British referendum outcome to leave the European Union, Scoop reported. Despite six years of New Zealand economic growth–as measured by GDP–broader and arguably more informative measures of economic health suggests New Zealand’s economy is not well prepared for global turmoil.