Kiwis confident about economy
Almost two-thirds of New Zealanders think the local economy is tracking well, Kiwi Wealth’s State of the Investor Nation report shows.
Friday, May 3rd 2019, 12:42PM
Investors had the most confidence, at 67%.
Of more than 2000 respondents to the Kiwi Wealth survey, 60% expressed confidence in domestic financial markets, closely followed by confidence in New Zealand’s property market at 57%. Confidence in global financial markets trailed at 43%.
“The survey results suggest Kiwis like familiarity when it comes to confidence, hence the skew to being more confident on domestic factors compared with global,” said Joe Bishop, Kiwi Wealth general manager customer, product and innovation.
“There are differences within the population, however. For instance, while overall confidence in global financial markets was the lowest of the factors were surveyed, 55% of younger people (aged 18-34) were confident in global markets versus just 37% of people aged 55 and over.
“That possibly reflects the increasingly global perspective of younger New Zealanders, as well as a response to the frustration they are having getting into the property market here.”
The full report will be released on Tuesday.
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