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12 May 2021 10:51
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  •   Home > News > Business

    The travel bubble is a much bigger deal for our economy..

    The travel bubble is a much bigger deal for our economy..


    Two way, quarantine free travel between here and Australia starts next Monday.

    HSBC Chief Economist Paul Bloxam says it's going to be a key support for growth in New Zealand.

    He says Australians normally spend about 60 billion dollars on international travel every year

    Bloxam says you take 10 per cent of that and pushed it over to New Zealand it would be about one and a half per cent of our GDP -- which is a hefty amount.

    © 2021 Newstalk ZB, NZCity


     Other Business News
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     12 May: Some North Island areas could be fully solar powered within a year
     12 May: A former finance minister says borrowing money to stimulate economies now, could create even bigger problems further down the track
     11 May: Record investment is tipped to be in Australia's Federal Budget, that's released tonight
     11 May: The Social Development Ministry's being urged to crack down on misuse of the Wage Subsidy Scheme
     11 May: The owner of a US lab's under heat for falsifying SPF test results for sunscreens sold in New Zealand
     11 May: The Prime Minister's keeping the door ajar for public servants to have step-based contracts - with automatic pay raises
     Top Stories

    RUGBY RUGBY
    Black Ferns lock Eloise Blackwell welcomes a couple of key changes for the re-scheduled Women's Rugby World Cup More...


    BUSINESS BUSINESS
    New Zealand and Australia are charting different courses -- on their way out of the Covid-19 pandemic More...



     Today's News

    Rugby:
    Black Ferns lock Eloise Blackwell welcomes a couple of key changes for the re-scheduled Women's Rugby World Cup 10:47

    Law and Order:
    Countdown's key rival supermarket chain, is also seeing growing aggravation within its stores 10:47

    Entertainment:
    Kim Kardashian West's youngest son has brought "calmness and evenness" into her life 10:46

    Law and Order:
    Napier Police have upgraded grievous bodily harm charges against a 48-year-old woman ... to murder 10:27

    Entertainment:
    Thomas Rhett is to become a father for the fourth time 10:16

    Entertainment:
    The Duchess of Cornwall has enjoyed “a half hug” with her grandchildren 9:46

    Law and Order:
    The fact by-standers were able to help victims in the Dunedin knife attack, show why knowing first aid is so important 9:27

    Entertainment:
    Ronnie Wood refused to "dwell on any negatives" while battling cancer for the second time 9:16

    Soccer:
    Stability in defence is being hailed as the key to Manchester City's latest Premier League football title triumph 9:07

    Entertainment:
    John Legend has praised Chrissy Teigen for coming out of a "testing" year even "stronger" 8:46


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