Westpac sees 17% house price inflation and a recession

Westpac sees 17% house price inflation and a recession
The big numbers to watch for today are likely to come from the Real Estate Institute of New Zealand.
Bernard Hickey
TLDR: Ata mārie. All eyes will be on the 1pm announcement of results from yesterday’s tests of contacts of the Papatoetoe family with the UK strain of covid-19. Westpac this morning forecast a technical recession this year at the same time as 17 percent house price inflation. Overnight, there were more global inflationary smoke signals. Japan’s stock market raced to 30-year highs on better than expected economic growth figures, while tin and oil prices hit fresh highs as the global economy rebounds.The five key things this morning.F...

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