Rabobank's Hong Kong-based Senior Strategist for the Asia-Pacific region Michael Every spoke to The Country about the volatile global economy and the resultant implications for New Zealand farmers.
Every says the "real economy" of physical goods and services is doing "pretty well," however financial markets, (which are increasingly important as a driver of the economy), have not been as stable, especially in the US.
What does all this data mean for the average New Zealand farmer? "For the next six months or so...I would say things are looking pretty good," says Every. "The global economy's holding up ok and there's reason to be confident."
Finally, Michael Every talks about the Chinese "credit card" economy and what it could mean for New Zealand's economic future.