Research

New Zealand Economic Update: March 2026

23 March 2026 11:57 RaboResearch

The Iran war is now in its fourth week and the critical Strait of Hormuz remains mostly closed to shipping. This is a huge problem for the global economy, as a large proportion of the global supply of certain goods typically pass through the Strait on their way to global markets.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more