Where in the world are we heading?
With economic growth slowing what impact will this have on the NZ business landscape? Lower exchange rates can mean that what NZ sells overseas can bring more money into the country which helps everyone grow and expand their business with confidence. However on the flip side this can mean that products coming into NZ are more expensive for example fuel. For those clients with large fuel and oil expenses in their business that can spell disaster if you can't increase your income to offset this cost. On top of this the capital price of equipment imported into the country will also increase. However the rural communities should start to earn more money to help offset this. Listen to Adrian Orr reserve bank governor talk about the economy.