No, we won’t be returning to 1970s-style stagflation: Alexander

Jenny Ruth
Thu, 28 Jul 2022

No, we won’t be returning to 1970s-style stagflation: Alexander
Economist Tony Alexander says oil prices haven't risen nearly as much as in the 1970s. (Image: NZ Herald)
Jenny Ruth
Thu, 28 Jul 2022
The rise in oil prices after economies came out of lockdown and because of Russia’s invasion of Ukraine has been nothing like the magnitude of the 1970s oil price shock, said economist Tony Alexander.Oil prices quadrupled in 1973-74 and then doubled again later in the decade,“Nothing remotely approaching that has happened this time,” Alexander said in his latest Tony’s View newsletter.As well, the global economy is far less dependent on oil per unit of output than it was back in the 1970s.But this is just one of a number...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

ASB CEO Vittoria Shortt sees no sign of mortgage stress
Jenny Ruth | Thu, 11 Aug 2022

ASB has paid its parent, Commonwealth Bank of Australia, $975 million in dividends in the year ended June and plans to pay another $400m in September.

PM’s tech rallying cry rings hollow
Peter Griffin | Thu, 11 Aug 2022

New Zealand may have a rosy vision for 2040, but global competition for talent and capital is fierce. 

Charities FREE
Do check that charity, but don't be afraid to give
Greg Hurrell | Thu, 11 Aug 2022

Giving is good and thoughtful giving is even better. And it's good for your own mental health, say those in the charity sector.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.