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Capital Markets: Trans-Tasman balance is swinging our way
Posted on 25-May-2015 09:45 by Bill Bennett. | Tags Filed under: News.

A story I wrote for the NZ Herald Capital Markets report:

A strong economy is boosting interest in NZ assets, as ASB’s Henry Withers tells Bill Bennett.

After a significant, extended boom riding the back of high commodity prices Australia’s economy has now slowed.

Henry Withers, ASB general manager corporate banking, says that as a result, a rebalancing between the Australian and New Zealand economies is under way that is leading to an increase of trans-Tasman investor interest in New Zealand assets.

“Our economy is stronger than Australia’s at the moment. We’re seeing better relative GDP growth, here forecast GDP growth is 3 per cent compared with 2.4 per cent in Australia.

Read the full story at the NZ Herald…

Filed under: News

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