Jacinda Ardern says further reductions in Chinese exports could cause a material slowdown in its economy "with adverse effects for New Zealand exporters." Photo: Getty ImagesPrime Minister Jacinda Ardern said New Zealand's economy remains "relatively strong" but warned that slowing global growth will have an impact. "We have strong fundamentals and are well prepared, but we need to be realistic that if the global economy slows, it will affect our economic growth," she told Business New Zealand in a speech. Specifically, "trade tensions in the wake of tariffs imposed by the US on Chinese imports dented the strong growth seen in 2017." The concern is that further reductions in Chinese exports could cause a material slowdown in its economy "with adverse effects for New Zealand exporters," Ardern added.

Source: Otago Daily Times February 07, 2019 23:51 UTC