Terms of trade stay at all-time high but it could be as good as it gets
Economist warns sharp fall in export prices during January signals peak has been reached.
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Hawke’s Bay
Lumpy merchandise trade figures over December and January have failed to dent record high levels in the ability of exports to pay for imports.
But JP Morgan economist Ben Jarman warns this may be as good as it gets.
"The terms of trade data lag market commodity prices by a couple of quarters,
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Nevil Gibson
Thu, 01 Mar 2018
Thu, 01 Mar 2018
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Terms of trade stay at all-time high but it could be as good as it gets
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