MMS #31 | What's up with NZ's economy? Shamubeel Eaqub helps us break it down
Description
In this special, slightly extended episode of Money Made Simple, Liv is joined by Shamubeel Eaqub, renowned Kiwi chief economist, for a deep dive into the current state and future of New Zealand's economy. This episode offers an insightful yet easy-to-understand breakdown of the drivers, challenges, potential solutions, and future projections that concern everyday Kiwi. This episode covers:
- An overview of the current economic landscape, and how it's been influenced by recent global disruptions including the pandemic and rising interest rates
- How key economic factors have impacted the job market and businesses (and what's likely to happen in the next 12 months around these)
- Explaining the ongoing issues with inflation, its impact on the cost of living, and how interest rates are used as a tool to manage them
- Trends we're seeing in the housing market, recent price changes, and what future movements might look like
- How long-term economic challenges like climate change, demographics, and the housing crisis will shape New Zealand's future
Resources we mention in this episode:
- Simplicity's website: Provides tools and information related to financial planning and KiwiSaver - https://simplicity.kiwi
- Generation Rent: Shamubeel's book co-authored with his wife Selina, discussing the housing crisis and potential solutions. Available on all major book retail platforms.
This episode not only tackles the current state of the economy but also provides a hopeful outlook on how New Zealand can navigate the major future challenges which are likely to come. Shamubeel is an absolute pro at that simplifying complex economic issues, making them accessible and understandable to all Kiwis. So tune in for a comprehensive yet simple look at the economy!
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.