Not sure about that.
NZs GDP was a shocker considering the level of inflation.
Not surprised though after both import & export numbers were down in recent months.
You realize dot plots are now showing Fed funds rates halving in 3 years, at the minimum. See what is happening to treasuries, share markets...
I'm being very conservative at 65c NZD USD. I expect NZD USD over 70c within 3 years now, as NZ- India relationship gets going.
Even if 35% of the population are vegetarian and every other person in India relished a lamb chop NZ would require around 57m lambs, a figure imaginable yet substantial. Let’s hope we can find a lucrative market for the entirety of the lamb carcass eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Even if 35% of the population are vegetarian and every other person in India relished a lamb chop NZ would require around 57m lambs, a figure imaginable yet substantial. Let’s hope we can find a lucrative market for the entirety of the lamb carcass eh
Lamb chops is just one of the hundreds of potential markets in India for NZ products and services.
Now Luxon is finally free of political horse trading, he'll get us there... We already have goodwill with India, just need more FTAs and trade.
Despite the current jawboning, Reserve Banks around the world are looking for an excuse to cut. A strong USD is hurting everyone, including I suspect the US, and refinancing interest rates are beginning to bite global borrowers harder - including in US.
Lamb chops is just one of the hundreds of potential markets in India for NZ products and services.
Now Luxon is finally free of political horse trading, he'll get us there... We already have goodwill with India, just need more FTAs and trade.
Perhaps India will be different due it's size and small amount of trade currently with NZ, however there is little evidence that FTAs have increased trade substantially in the past.
This maybe due to thevfact that most of our FTAs are with countries that we already had strong trading ties with.
Has our trade increased with Singapore since an FTA was signed ?
Perhaps India will be different due it's size and small amount of trade currently with NZ, however there is little evidence that FTAs have increased trade substantially in the past.
This maybe due to thevfact that most of our FTAs are with countries that we already had strong trading ties with.
Has our trade increased with Singapore since an FTA was signed ?
Hey daytr …I always find this chart interesting
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Perhaps India will be different due it's size and small amount of trade currently with NZ, however there is little evidence that FTAs have increased trade substantially in the past.
This maybe due to thevfact that most of our FTAs are with countries that we already had strong trading ties with.
Has our trade increased with Singapore since an FTA was signed ?
Don't know about Singapore FTA, but here is a glimpse of the India effect coming in play for NZ. https://www.stats.govt.nz/news/visit...ravel-rebound/
FDI in India is breaking records, increasing their market cap, economy, scale and all that follows when citizens feel wealthier.
International leaders are making a beeline for India, particularly US, Australia and UK, with good reason.
Big reason for that is 20% fall in our exports to China. https://www.stats.govt.nz/informatio...eptember-2023/
As I said earlier, what happens in China and what China decides to do or not do - is holding our growth, economy, and prosperity to ransom.
We need to develop alternative markets and trade partners urgently. US, UK and Australia saw the light long ago. We are just waking up...
Last edited by beacon; 16-12-2023 at 06:54 AM.
Reason: Added URL
Big reason for that is 20% fall in our exports to China. https://www.stats.govt.nz/informatio...eptember-2023/
As I said earlier, what happens in China and what China decides to do or not do - is holding our growth, economy, and prosperity to ransom.
We need to develop alternative markets and trade partners urgently. US, UK and Australia saw the light long ago. We are just waking up...
That’s only recent but exports still double what they were 7/8 years ago
My chart goes back to last century …..and was in response to daytr question as to what FTA bring in ……..little as exports % GDP been in decline for many years ….in spite of large increase in exports to China over time
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
That’s only recent but exports still double what they were 7/8 years ago
My chart goes back to last century …..and was in response to daytr question as to what FTA bring in ……..little as exports % GDP been in decline for many years ….in spite of large increase in exports to China over time
Point taken, thanks Winner69. Yea, during the last 26 years, NZ exports to China have increased at an annualized rate of 16.6%, from $416M in 1995 to $22.5B in 2021. https://oec.world/en/profile/bilater...hn/partner/nzl
Time for exporters to go back to their drawing boards and innovate/ increase competitiveness and USP. Banking on a depreciating NZD is not going to provide salvation in the coming decade.
Last edited by beacon; 16-12-2023 at 09:37 AM.
Reason: Added "Trade as a % of GDP" comment and URL
Originally Posted by Daytr
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