New Zealand’s Financial Crises Resilience
Tom Spencer
JULY 25, 2020
Flexible exchange rate, product and labour markets. In 2008, the HPI contradicted Makhlouf and other median house price studies by showing a large decline in the value of housing. If Australia and China had suffered a recession in 2008, New Zealand may have been in a lot more trouble. The HPI (Housing Price Index) is already 2.4%
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