Tony Alexander

Economic Commentaries

No Investment Surge Yet in NZ

Thursday August 22nd 2013

Is there any strong evidence yet that businesses are backing their high levels of confidence by boosting capital spending? Not really.

The world is awash with such a long list of risks that it would be a miracle if we get through the next three years without some major volatility in the financial markets. Borrowers should recognise this uncertainty by pursuing a mix of fixed rate terms alongside floating rates, and consider how much debt they can safely carry.


The NZD has fallen about 2 US cents this week on the back of strong expectations that US money printing tapering will start soon (US data have been good this past week).