Confidence rebounding strongly - Cullen
"The rebound in business confidence shown in the latest
National Bank survey suggests the winter of discontent is
over and that the economy is in for a good summer," Finance
Minister Michael Cullen said today.
encouraging is that a net 16.6 percent of respondents now
expect their own businesses to pick up activity over the
next 12 months.
"Farmers and manufacturers are leading the
return to optimism, reflecting the fact that this is very
much an export-led recovery," Dr Cullen said.
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New Reports: Flood Risk From Rain And Sea Under Climate Change
One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.
Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...
There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>