If New Zealand’s agricultural export revenue fell due to a weakening of global  3  See also the Australian case in Ellis and Littrell (2017). 8  demand or a domestic drought, the contraction of economic activity in that sector could spill over to lower income and spending in the household sector, thereby increasing debt defaults.
Price Developments  Employment Situation Working-Age Population and Number of Employees  DIs for Employment Conditions inverted, DI ("excessive employment" - "insufficient employment"), % points  -50  6  Manufacturing -40  cumulative chg. from CY 2010, mil.