NZ FinMin Robertson: Brexit, trade war make environment unstable for NZ exporters

Ahead of the May 30 budget speech, New Zealand’s Finance Minister Grant Robertson offered his thoughts on the impact of the US-China trade war and Brexit uncertainty on NZ exporters, Reuters reports.

Key Quotes:

“All this adds up to a global environment in which New Zealand exporters operate that is both unstable and uncertain,”

The International Monetary Fund has forecast growth for New Zealand at 2.5 percent this year and 2.9 percent in 2020.

The government has identified NZ$1 billion ($658 million) of spending that is no longer priority or where funding previously allocated is no longer needed.”