Can Australia fly on Kiwi wings?

New Zealand is set to be one of the strongest performing economies in 2014, largely as a result of China’s growing taste for dairy. Australia’s export and tourism industries could see a welcome boost as a result.

There are plenty of concerns for Australian businesses right now but for our neighbours in New Zealand confidence is riding high: business confidence climbed to a 20-year high in the December quarter. It points to a big 2014 for the New Zealand economy.

The New Zealand Institute of Economic Research (NZIER) released its quarterly survey on business sentiment today, with the headline measure showing that business confidence rose to its highest level since June 1994 in the December quarter.

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