Originally Posted by
iceman
I am seriously concerned about the NZ economy. Our COVID response will come home to roost with the $52 Billion of newly printed money (inflation here already) and the destruction of our huge tourism, hospitality and foreign edication industries. All of them basically foreign exchange earners. We now need to rely on primary industries and other exports pulling NZ out of the upcoming recession and a lower NZ$ is surely going to be part of that recovery. I'm out of all NZ shares except banking (HGH), that don't earn most of their income in foreign currency.