# US Election Results May Boost NZ Economy

> Auckland Business Chamber chief says US midterm results could cut oil prices and boost NZ growth.
- Title: US Election Results May Boost NZ Economy · RNZ | Shortify
- Summary: Auckland Business Chamber chief says US midterm results could cut oil prices and boost NZ growth. Auckland Business Chamber chief Simon Bridges says US…
- Keywords: auckland business chamber, simon bridges, us midterm election, oil prices, new zealand economy, corporate tax rates, kiwisaver, energy reform, RNZ
- Source: RNZ — https://rnz.co.nz/news/business/2355589/us-midterm-election-results-could-boost-local-nz-economy-auckland-business-chamber
- Author: RNZ | Te Reo Irirangi o Aotearoa
- Published: 2026-11-04T22:41:12+00:00
- Read time: 1 min
- Topics: auckland business chamber, simon bridges, us midterm election, oil prices, new zealand economy, corporate tax rates, kiwisaver, energy reform, politics, news
## US Midterm Results Could Boost NZ Economy
Auckland Business Chamber chief Simon Bridges says US midterm election results may boost New Zealand's economy through lower oil prices and tax reforms.

> we thought we were having a recovery in [20]25, but then we had liberation day that sucked the sentiment out of a lot of places, including new zealand
## Economic Challenges Since Pandemic
New Zealand's economy has struggled to recover since the pandemic, with Iran war impacts and recent market volatility.

> this year it's been the iran war
## Tax Reform for Growth
Bridges advocates lowering corporate tax rates to attract businesses and boost small business investment.

> if you're that sme and you know that your tax rate's gone from 28 percent to let's say 22 percent, i do think at a level that is a spur to do more, to take more risk, to invest more
## Energy Reform Needed
Bridges calls for energy reform to break up generators and increase supply to stimulate economic growth.

> but what the settings mean is they are rewarded when there's just enough or maybe not quite enough supply
## Key takeaway

Auckland Business Chamber chief Simon Bridges says US election results may lower oil prices and stimulate NZ economic growth through tax reforms and energy planning.