NEWS: MFAT - Weekly Global Economic Roundup 15th May 2023
New Zealand Ministry of Foreign Affairs & Trade
The latest edition of the weekly global economic round-up has been published online here. A PDF version is also available on the webpage.
This week's highlights include:
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The New Zealand labour market remained resilient and flexible during the COVID-19 pandemic, with workers switching industries to stay in work and earn more, according to an Analytical Note released in an article by the Reserve Bank of New Zealand – Te Putea Matua. The research found that, unlike past economic shocks, high numbers of workers moved between industries, especially since 2021
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United States Attorney General Merrick Garland has authorised the first transfer of funds seized from Russian oligarchs subject to US sanctions to aid Ukraine.
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The European Central Bank’s latest monthly survey of consumers reveals Eurozone consumers are becoming more pessimistic on inflation.
Read more here. . . Weekly Global Economic Roundup 15th May 2023