What if we’re already in recession?

What if we’re already in recession?
It looks like we're in for stormy weather. (Image: Unsplash)
Jenny Ruth
Is New Zealand already in recession? And what about the rest of the world?Even as central banks display their inflation-fighting derring-do by hiking their key interest rates in almost unprecedented 50-or-75 basis-point (bp) chunks, compared with the more usual 25bp, ominous economic storm clouds are getting thicker and darker.Locally, look no further than our own quarterly survey of business opinion (QSBO) released on Tuesday by the NZ Institute of Economic Research (NZIER), which can only be described as grim.Not only are the inflation indica...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025