Employer Bulletin | 22 September
- Sep 22, 2025
- 2 min read
Updated: Apr 7
Economic data released reflects the impact of global uncertainty on consumers and businesses, Finance Minister Nicola Willis says.
Stats NZ figures released show real Gross Domestic Product fell 0.9 per cent in the second quarter of the year after a 0.9 per cent increase in the first three months of the year.
“The second quarter of the year started the day before United States tariffs were announced,” Nicola Willis says. “The economy had been growing strongly in the previous six months, but suddenly had the stuffing knocked out of it."
“It is important to remember that this is backwards-looking data. We are now nearing the end of the third quarter and there are signs the economy is growing again."
“Lower interest rates are filtering through the economy. There is evidence of increased mortgage lending. And the impact of tariffs has not been as disruptive as initially feared. The outlook for most export sectors remains positive."
In today’s Bulletin:
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Business case for restructure prevails over suspicious perception
Deterioration of working relationship has costly consequences
Employer proves the discretion of its flexible working arrangement
Shifting employment status timeline spelt out in detail
Eight news updates of interest for employers including: Next level boost for Major Events and Tourism; Strengthening New Zealand’s competition settings; Annual food prices increase 5.0 percent; NZ-Singapore-UAE-Switzerland launch new investment and trade partnership; Customs levies bill passes; Quarterly current account deficit $3.4 billion; GDP figures show impact of global uncertainty, and Accelerating AI research and innovation.
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