2024 first half will be toughest period yet, says fund manager

Migration-led population growth was 2.7% for the year to September, the strongest it has been in decades. (Image: Getty)

Rebecca Stevenson

Fri, 26 Jan 2024

A fund manager says New Zealand is facing its toughest economic period yet in the first half of this year. Salt Funds Management’s outlook for 2024 said the ongoing pass-through of high-interest rates, slowing employment growth, weaker business investment and global growth were painting a picture of broad-based weakness in activity. Salt said global inflation had peaked, “but the last mile to target will, like running a marathon, be the most arduous”. “Furthermore, it will take a considerable period of be...

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