Coping with global financial and economic stresses

An address to the Canterbury Employers’ Chamber of Commerce

By Alan Bollard and Tim Ng

30 January 2009

New Zealand will be better prepared for economic recovery if households, firms and banks do not “pull down the shutters”, Reserve Bank Governor Alan Bollard said today.

Dr Bollard told the Canterbury Employers’ Chamber of Commerce the economy is in the middle of a major international shock that is developing from financial turbulence into economic recession.

For more information, read the speech “Coping with global financial and economic stresses”. Also available as a PDF (240KB)