A tough economic outlook, but at least we're not in Europe

Soaring energy bills are stalling European economies, but NZ is insulated. (Image: Getty)

Tue, 13 Sep 2022

If there’s one thing economists seem to agree on ahead of this Thursday’s economic activity figures, it’s that New Zealand will have dodged a recession in the first half of this year.But there is much less agreement than is usual about the size of the increase in gross domestic product (GDP) for the three months to June 30, although no one expects it to be as strong as the 1.8% growth forecast by the Reserve Bank of New Zealand (RBNZ).But even at ANZ, the most bearish economics team with a forecast of just 0.4% growth for the...

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