Topic “Economy News” — Exporter Magazine

Confidence in the Wellington region’s economy has taken a sharp upturn in the latest Wellington Employers’ Chamber of Commerce Business Confidence survey.

New Zealand consumer confidence is closely tied to export growth making it ‘relatively vulnerable’ to a slow-down in global economic growth, according to a new report released by MasterCard Worldwide. The report assesses the extent to which a slower growing global economy – and specifically a slowdown in merchandise exports – will impact the resiliency of consumer confidence.

The global financial crisis has accelerated the shift of the economic centre of gravity, with China, the US and India set to be the three major economies by 2050; but the emerging economies do face major challenges in their bid to sustain their recent strong growth.

New Zealand exporters have been finding it tough, but despite fluctuating exchange rates and rising fuel costs, they are still cautiously optimistic about the next 12 months according to the 2012 DHL Export Barometer.