Economy

Nicola Willis has accused the previous government of finding "workarounds" to hide funding shortfalls. Grant Robertson says it shows she hasn't even read the Budget.

Businesses are largely cautiously optimistic about the outlook for the economy under the new government.

Falling local spending as household budgets face greater pressure is leading to "unprecedented challenges" for the retail sector.

The money withdrawn early from KiwiSaver funds due to financial hardship has doubled compared to a year ago, with significantly more people taking money out before retirement.

ANZ's latest consumer survey shows the number reporting they were now better off financially rose slightly, but so did the number expecting the economy to be worse off in a year's time.

Santa has a 'naughty or nice' list, and this year so does Consumer NZ.

Consumer credit demand rose in November as households looked to take advantage of retail sales leading up to Christmas.

It comes as the economy heads for a soft landing and firms look towards possible policy changes from the new government.

The group suggests New Zealand can expect only "modest" growth in the next couple of years.

The Reserve Bank has left its benchmark interest rate unchanged, as expected, and repeated that rates will stay high for an extended period