Economic Weekly: US second wave starts rising

  • Global investor sentiment softened last week as the number of new COVID-19 cases continued to pick up in some regions of the US.
  • Meanwhile, in NZ, where the virus has been eliminated except for imported cases in quarantine, and the economic outlook continues to improve, albeit from very low and weak levels.
  • The true test for consumer sentiment is yet to come – with the outlook for the labour market key for underpinning consumer confidence.

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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.