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Economy

Recession worries? Blame China's economic flu

Recession worries? Blame China's economic flu
Dominick Stephens (centre) and Struan Little (right) spoke at an Auckland Chamber event moderated by Simon Bridges. (Image: BusinessDesk)
Dileepa Fonseka
Dileepa Fonseka
Thu, 25 Jul 2024
A senior Treasury official says New Zealand's economy is worse than originally forecasted, and much of that is due to China. That's what Treasury’s chief economic adviser, Dominick Stephens, told a business audience in Auckland on Wednesday morning – reminiscent of the adage that when the United States sneezes, the world gets a cold, but tweaked to include China’s sniffles.“Treasury has for quite some time anticipated a recession, a downturn … we had been foreshadowing it for some time, but with the B...
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