New Zealandís Economy Is Fourth Safest In Asia-Pacific Region
21 May 2012 16:00 - Florence Fullalove

New Zealandís Economy Is Fourth Safest In Asia-Pacific Region

Credit reporting company Dun & Bradstreet has said that New Zealandís economy is the fourth-safest economy in the Asia-Pacific region. According to the new research Australia is the safest economy, followed by Hong Kong and then Singapore. Ranked below New Zealand were Japan, South Korea, Taiwan, Malaysia, China, India, Indonesia, Philippines, Thailand, Vietnam and Bangladesh. New Zealandís economy is also ranked in the top 20 safest for investment worldwide.

John Scott, the general manager of Dun & Bradstreet said New Zealandís ranking supports recent data which shows conditions are improving, but says that economic recovery is fragile. Scott said, The latest rankings show that New Zealand is a low rick environment for business investment.Ē He added, these rankings reflect overall optimistic conditions for Kiwi businesses. However, increasing economic woes in Greece, Spain and other Western European nations mean that a deterioration in New Zealand should not be completely rules out. Scott said New Zealand businesses should not start relaxing because the overall risk profile is stable. "To assist New Zealand's return to prosperity, executives should tightly manage their operations. This includes ensuring that appropriate and timely monitoring systems exist to keep firms ahead of the risk game. This is particularly pertinent for firms involved in cross-border business."