Story: Business cycles



Although international economic events frequently cause upturns or downturns in New Zealand, some changes in business cycles have been triggered by local events. Weather is particularly significant given New Zealand’s dependence on agricultural exports. In 2008 a drought had severe repercussions on the dairy output and therefore on the whole New Zealand economy. Here Steven Stark, a Waikato dairy farmer, shows how dry the soil had become.

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How to cite this page:

Viv B. Hall, 'Business cycles - Causes and consequences of fluctuations', Te Ara - the Encyclopedia of New Zealand, (accessed 22 June 2024)

Story by Viv B. Hall, published 11 Mar 2010