Welcome to our Q3 newsletter.  

It has been a tough year for New Zealand’s economy, with a technical recession, low business confidence and high interest rates and inflation. However, there are indications that New Zealand may be past the worst. Inflation is closer to the acceptable 1-3% range, resulting in a small decrease in the official cash rate (OCR). M&A activity is starting to rebound, as poor economic conditions have led to lower target valuations and better deal opportunities for international investors.

Nearly one year after the election, the Government is pushing ahead with its programme to increase infrastructure investment and reduce red tape. Click the link below to read our report.

If you’d like to discuss any of the issues raised in this update or NZ investments generally, please contact Michael, Don, James, Andrew and Anastasiya (contact details below) or your regular SG contact.