Oil shock a drag, not derailment for NZ economy: EY
New Zealand is likely to face a moderate economic drag rather than a derailment from the global oil shock, even if crude prices rise as high as US$125 (NZ$211.43) a barrel, EY modelling suggests – though the firm warns the shock is landing on an economy with limited room to absorb it.

Ernst & Young New Zealand’s modelling of three oil price scenarios found that the overall GDP impact would remain below that of several of th … ⌘ Read more