It is underpinned by the principle of ’te whakatōpū’ – to assemble, consolidate, and combine our efforts.
The first risk concerns developments in the global economy, which is expected to keep expanding with momentum being gained across a wide range of economies. In the United States, adjustments in the housing market, including problems in the market for subprime mortgage debt, are still ongoing, and some leading indicators of business fixed investment have been showing somewhat weak developments.