Economic Weekly: Outlook fragile as businesses lose confidence

  • The week ahead should be relatively quiet on the domestic economic front.
  • Market focus will likely return offshore this week, with trade tensions heating up as the US and China imposed additional import tariffs on each other.
  • A key uncertainty this week is the Bank of Canada policy announcement; markets anticipate a rate hike but we see risks that the Bank will leave rates unchanged in light of heightened global uncertainty and weaker-than-expected Canadian GDP growth.

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Mark Smith

Senior Economist

Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.

His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.

Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.

Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.

When not at work Mark likes to travel, keep fit and spend time with his friends and family.