This article deals with topics related to the attempts to stimulate the global economy. According to the author, the strength of New Zealand’s currency has fallen below its 16 counterparts. A myriad of factors have hampered economic recovery efforts. Some of these issues include high home-loan and business interest rates, and a lack of significant growth in the employment sector.
As with many reports on the current state of the global economy, the facts contained within this article are sobering. The main problem addressed in this article and any apparent solutions seem to be paradoxical: To be globally competitive in business and otherwise, a nation’s currency must keep pace in reference to value with the rest of the world. However, in order for a nation’s currency to retain value, a nation needs to be globally competitive.
http://www.businessweek.com/news/2010-03-11/n-z-dollar-falls-on-rates-australia-s-trades-near-7-week-high.html
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Thats sad that their dollar is decreasing. I hope they are able to get an economy boost. Right now times hard and countries are struggling. Businesses always help to increase a country's economy.
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