Spring might be in the air, but the economy hasn’t quite joined the party yet. In this quarterly economic update, Shamubeel Eaqub, Simplicity’s Chief Economist, breaks down what’s really going on in New Zealand and across the globe. He explains why the economy still feels sluggish, what's happening re: the cost of living crisis, and what to watch for next.
This episode covers:
- Why the New Zealand economy is experiencing one of its longest and deepest slowdowns in decades
- How global uncertainty - from wars to trade tensions and political instability - is shaping financial markets as well as household confidence
- What the Reserve Bank is doing with interest rates, how much time it might take to see the impacts of these levers
- The unusual signals in jobs, consumer spending, and business confidence that make this cycle different
- When Shamubeel sees (cautious) optimisim returning, and what that might mean for everyday Kiwis
Shamubeel is here to explain complex economic trends in plain language, helping you understand how global shocks and local policy decisions flow through to your wallet. Hopefully you’ll leave with a clearer picture of where we are in the cycle - and what to watch for as we (hopefully) move toward a strong recovery.
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.
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