Australasia has avoided stagnation trend – RBNZ’s Bascand
Australia and New Zealand have seen higher savings and more investment
Households in Australia and New Zealand appear to behave differently to those in other advanced economies, which helps explain why the countries have avoided "secular stagnation", Reserve Bank of New Zealand (RBNZ) deputy governor Geoff Bascand said on November 22.
While growth remains "disappointingly weak" in many advanced economies and monetary policy is running into diminishing returns, growth in the two Australasian nations has been "steady", the deputy governor said.
A major factor behind
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com