This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.
Jan 6, 2008
Alarm Bells Ringing Over US Economic Performance
Higher unemployment and lower job creation figures in the US have increased concerns about a possible recession in the world's largest economy. This is potentially bad for New Zealand exporters - the US is our second biggest market. An interest rate cut in the US to try and stave off recession would also be bad here as it might increase the value of the New Zealand dollar as international investors chase a widening interest rate differential between US interest rates and those in New Zealand. This article is a good summary of the situation in the US.