Election uncertainty increases possibility of a recession

Election hangs over business decisions. (Image: Getty)

Thu, 17 Aug 2023

BNZ Bank says a recession will kick off in the second half of the year, partly due to election uncertainty.Based on an average of the latest three polls New Zealand would elect a right-leaning government if a vote was held today, BNZ Bank head of research Stephen Toplis said.He notes, however, it is a “line ball call” and the Oct 14 general election “is still wide open”.Ultimately, the minor parties will determine the outcome with the only certainty being there won’t be a return of a single-party majority, as is no...

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