Will the economy double-dip?

Will the economy double-dip?
Jenny Ruth
Infometrics chief forecaster Gareth Kiernan is the latest economist to add his weight to the case for expecting a second recession next year, but other economists suggest the spate of stronger-than-expected data is no flash in the pan.Whichever party leads the next government would prefer to believe the optimists, but they should probably be planning for the possibility they're wrong.Kiernan's view is New Zealand's economy remains vulnerable and job losses are ahead, which will punch a hole in consumer spending and drag down economi...

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Spending up 3.7% in year, Westpac data says
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Spending up 3.7% in year, Westpac data says

Westpac’s senior economist, Satish Ranchhod, says spending is "starting to pick up again" after the bank’s data showed a 3.7% annual rise in spending on Westpac-issued credit and debit cards. Westpac's Retail Spending Pulse, released on Friday, showed the upward shift was hel...

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Staff reporters 11 Mar 2025