New Zealand economy: Three years of pain may give way to economic and social gain – Cameron Bagrie

New Zealand Herald · Cameron Bagrie · 2026-10-26 07:00 UTC

Business confidence is high, but consumer confidence is not.

As we inch closer, Mood of the Boardroom and the nation signals we may be on the cusp of a continuum of change that could easily be accelerated. Australia is lagging New Zealand on this front and set for a wake-up call in 2027.

Out with the old

Bye-bye Great Moderation. That 1993-2000 era of low inflation, lower interest rates and volatility, and perceived better management by policymakers. Rules trumped power. The world became increasingly globalised and interconnected.

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