News | Business
24 Feb 2025 16:08
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    An increase in household spending could help drive economic growth this year

    An increase in household spending could help drive economic growth this year


    Infometrics is forecasting the first positive economic outlook in years.

    It expects a pickup through the year, and average GDP growth at 0.5 percent each quarter.

    Chief Forecaster Gareth Kiernan says lower interest rates are putting money back in families' pockets.

    He says the surplus in household budgets will go from eight million dollars a week, to 45 million, by year's end.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     24 Feb: A welcome sales rebound for retailers to end a tough 2024
     24 Feb: New Zealand's fibre network provider's feeling the pinch, but still proposing new projects
     24 Feb: Quick fixes and long-term solutions to Australia's sky-rocketing rental prices
     24 Feb: One of the world's largest jewellery retailers is coming to New Zealand, following the signing of a free trade agreement
     24 Feb: Rising optimism about the housing market - but momentum has yet to pick up
     24 Feb: Businesses are hoping proposed reform of the Overseas Investment Act, is the first in a suite of changes
     23 Feb: Demand for electric charging stations is continuing to increase, despite the economic headwinds
     Top Stories

    RUGBY RUGBY
    The New Zealand women's sevens side have demolished Fiji 41-7 in the final of the Vancouver world series event More...


    BUSINESS BUSINESS
    A welcome sales rebound for retailers to end a tough 2024 More...



     Today's News

    Entertainment:
    Nicolas Cage's lawyer has branded his ex-wife's negligence lawsuit "absurd and frivolous" 15:43

    Rugby:
    The New Zealand women's sevens side have demolished Fiji 41-7 in the final of the Vancouver world series event 15:37

    Business:
    A welcome sales rebound for retailers to end a tough 2024 15:27

    Entertainment:
    Grimes has begged Elon Musk to get in touch about a "medical crisis" with one of their children 15:13

    Rugby League:
    The Sydney Roosters will be forced to start the NRL season without more than half of last year's first-choice team, after Spencer Leniu was hit with a a two-game ban for a high tackle 14:57

    Law and Order:
    A former Auckland council building inspector's been sentenced to 11 months' home detention, for accepting tens of thousands of dollars in bribes 14:57

    Entertainment:
    Angela Bassett "deserved" an Oscar and she should have been "allowed to be disappointed" when she lost to Jamie Lee Curtis 14:43

    Motorsports:
    Kiwi driver Shane van Gisbergen has finished 23rd at the latest NASCAR race in Atlanta 14:37

    National:
    Trump is reviving a tariff strategy from America’s ‘Gilded Age’. It didn’t end well last time 14:17

    International:
    GWS Giants star Finn Callaghan signs four-year contract extension after rebuffing St Kilda mega deal 14:17


     News Search






    Power Search


    © 2025 New Zealand City Ltd