It has been an unusual year in global politics, with Donald Trump’s presidential victory and the United Kingdom voting to leave the European Union.

Click here to watch a video and see what AMP Chief Economist Bevan Graham had to say about the effect these decisions could have on the average Kiwi.

New Zealand Insights

The New Zealand economy has continued to perform well. GDP growth is looking more solid and is expected to hold at around the 3.5% level over the next few quarters. The positives of stronger commodity (ex-dairy) prices, population growth, tourism inflows and record low interest rates have underpinned solid activity and more than offset the headwinds of weak dairy prices and a strong exchange rate.

Household consumption continues to be the biggest contributor to growth as low interest rates, strong gains in labour income, rising house prices and strong population gains all serve to boost consumer spending. Strong and rising tourism inflows are also supporting the retail sector.

Read the latest Investment Insights from AMP Capital’s Investment Strategy team.

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