NZ economy significantly affected by global growth - ANZ

Analysts at ANZ explained that as a small, open economy, New Zealand is significantly affected by the global economic cycle. Currently, economic indicators point to ongoing, above-trend growth in the global economy. 

Key Quotes:

"But global markets are sending some mixed signals: equities are volatile, but other markets less so.

The global economy is navigating some challenges, which could have flow-on impacts to New Zealand. In some ways, New Zealand is more robust than it once was to adverse global events.

"Vulnerability has increased."

We remain optimistic about the global outlook and by extension the environment for New Zealand’s commodity prices, goods and services exports and funding markets.

"We will be watchful for any change in conditions."

One thing seems clear: it’s going to be a bumpier ride than it has been."