A pall of economic gloom hangs over Otago and Southland with
the latest indication of falling financial fortunes coming in
a services industry activity index released yesterday.
Statistics New Zealand yesterday dashed any hopes that New
Zealand's current account had slipped back into the black for
the first time in nearly 30 years in the three months ended
Foodstuffs South Island yesterday reported an improved
operating profit of $219.3 million for the 12 months ended
My fingers are crossed that New Zealand politicians and
political candidates extensively use Twitter during this
year's election. What fun it could be.
The Government was not being realistic about many of its
promises and claims about the economy, particularly about
returning the country to surplus in the next few years, Act
New Zealand leader Don Brash said yesterday.
Act New Zealand members were yesterday congratulating
themselves that a change of leadership had brought a new
energy and enthusiasm to a political party many voters had
Banks are in negotiations with the Government about a full
payout to Christchurch residents with no houses in which to
live, but frustration levels about the delays are starting to
Some New Zealand financial
institutions are preparing for Christchurch residents to walk
away from their debt, risking bankruptcy but believing they
have nothing more to lose.
Two bank surveys released yesterday suggest that consumer
confidence in New Zealand is improving quickly from lows
following the February 22 earthquake.
Manufacturing activity in Otago-Southland
slumped last month and the National Distribution Union is
warning of worse to come.
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