New Zealand Finance Minister Robertson on Economy, RBNZ, Diplomacy

The video discusses New Zealand's economic situation, focusing on inflation, monetary policy, and potential recession risks. It highlights the resilience of the New Zealand economy despite global challenges like the war in Ukraine and China's slowdown. The role of fiscal policy in supporting monetary policy is emphasized, along with the importance of inflation targeting. The video also explores international relations with Australia and China, focusing on trade and climate action. Finally, it touches on Governor Orr's term and the future economic outlook.

What is the current economic outlook for New Zealand according to the transcript?

• Stagflation is expected.

• Economic growth is still forecasted.

• A recession is imminent.

• Deflation is a major concern.

How has New Zealand's economy shown resilience during the COVID-19 pandemic?

• By increasing unemployment rates.

• By maintaining strong primary produce exports.

• By halting all economic activities.

• By reducing exports significantly.

What is the global economic fear mentioned in the transcript?

• A decrease in global trade.

• A stable economic environment.

• A hard landing leading to recession.

• A rapid economic boom.

What is the main tool of New Zealand's monetary policy to combat inflation?

• Fiscal policy adjustments.

• Increased government spending.

• Official cash rate.

• Tax reductions.

How did New Zealand's government respond to economic challenges during the pandemic?

• By reducing all forms of support.

• By providing targeted support after initial broad support.

• By increasing taxes significantly.

• By ignoring the economic challenges.

What is the focus of New Zealand's cooperation with Australia?

• Military expansion.

• Reducing agricultural production.

• Climate action and technology development.

• Limiting trade agreements.

What is New Zealand's stance on inflation targeting?

• It should be replaced with fiscal policy.

• It is irrelevant to economic growth.

• It is crucial for price stability.

• It should be abandoned.