May 22, 2010
The New Zealand Government has warned that NZ's fragile economy could be affected if property markets drop overseas.
New Zealand is just a small country and although it is completely surrounded by ocean, it is not isolated from what happens on the global stage, especially in its biggest export markets.
Finance Minister Bill English, who has just delivered his budget to the nation, expressed concern about the potential for crash in property markets in China and Australia - which are New Zealand's two largest export markets.
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