Economy

Fruit and veggies lead food price rise

New Zealand

According to Statistics New Zealand's latest food price index fruits and vegetables are getting increasingly expensive even though the global recession saw a widespread fall in the prices of the commodities.

Further stimulus should be cautiously undertaken

Goldman Sachs

Appreciating the Government's announcement to go ahead of its $500 million infrastructure projects at an accelerated pace in addition to the $480 million business package, Shamubeel Eaqub, economist and research director of Goldman Sachs JBWere's Australia and New Zealand, said, "While small in the context of annual GDP
($180 billion) these are positive and encouraging steps to counter the recession and bolster the aggressive easing delivered by the RBNZ to date."

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