The New Zealand economy is still in good shape, even though it's technically in recession former prime minister and chair of ANZ Bank John Key says. [READ ON]
In the same conference, independent economist Cameron Bagrie says New Zealand's recession isn't yet showing up in any increase in non-performing mortgages but banks are starting to prepare for it by increasing provisions and it is showing up in the business sector and in the government's tax take. [READ ON]
| « Gordon Davidson to take the helm when CEO Donna Cooper departs | Banks prepare for rising bad debts; mortgage lending still in doldrums » |
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