Economy

NZ well-placed, but Robertson doesn't rule out recession

Rebecca Howard
Thu, 12 May 2022

NZ well-placed, but Robertson doesn't rule out recession
Low unemployment will help insulate the economy. (Image: Getty)
Rebecca Howard
Thu, 12 May 2022
Finance minister Grant Robertson acknowledged a recession is possible but said New Zealand is well-positioned should one eventuate.“The actions the Reserve Bank (RBNZ) is taking from a monetary policy point of view, with interest rates coming up, you do have the potential makings of the kind of outcomes that Stephen [Toplis] and his crew at the BNZ are forecasting,” the minister said in a response to a question at the Wellington Chamber of Commerce pre-budget breakfast on Thursday. Yesterday, BNZ published a research note entit...

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