Andrew Dickens Afternoons

Andrew Dickens: Is this what we can expect for the next three years?

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Synopsis

Congratulations to the new coalition Government, which was sworn in today by Governor General Dame Cindy Kiro. And as our new Prime Minister says- they're ready to get stuck in. But things are already getting better. Some say it's just because of the vibe. But don't discount plain good luck and timing. The so-called hermit kingdom is over. As we heard a week ago, nearly a quarter of a million people chose to emigrate to New Zealand in the past year. Today we learn tourism is up- and spending in the year to September hit $30 billion dollars. That's up $6.6 billion on the previous year - and pretty much back to pre-Covid levels. This while the international spend is still recovering. As Nicola Willis finally gets her warrant to fool with the economy, the economy appears to be turning a corner. In today's paper is a report that economists believe the Reserve Bank will not be raising interest rates anytime soon. It also reports that markets are predicting a rate cut as early as May and as many as 3 cuts through 2