Brian Fallow interviews a few local economists and reports the conclusions in today's NZ Herald.
How great the impact of a US slowdown on New Zealand is will depend on how long it lasts and how much validity there turns out to be in the idea of "decoupling".
Decoupling is the theory that the Asian economies, which have generated most of the world's growth in recent years, have enough momentum of their own to shrug off at least a short drop in their exports to the US.
If they do, the impact on commodity prices, whose current strength underpins the growth prospects for New Zealand and Australia, our largest export market, should be modest.
