Petrol prices in the March quarter were at their highestlevel, in real terms, since 1986. This article examines the outlook for oilprices, their effect on people’s behaviour, and the resultant impact onmonetary settings and the broader New Zealand economy.
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Enthusiasm, for what many glibly refer to as the knowledge or information economy suggests that is where future growth will emerge from. But what, in concrete terms, constitutes the knowledge/information economy? Telecommunications, media and computing business are those directly involved with the delivery and manipulation of information and constitute the backbone of the emerging information/knowledge economy. These businesses or sectors have been the standout performers in terms of growth most developed economies over the past decade. But will these technology-laden darlings of the sharemarket live up to their hype by continuing to outpace all other sectors in the economy over the next decade? We suspect they will.