Opinion

Is NZ talking itself into recession?

Shamubeel Eaqub
Wed, 06 Jul 2022

Is NZ talking itself into recession?
New Zealand might already be in recession. (Image: Getty)
Shamubeel Eaqub
Wed, 06 Jul 2022
We are probably in a global and local recession right now.It could be short-lived, but my inner pessimist expects that interest rate hikes by inflation-fighting central banks around the world will kick off a debt crisis (as Nouriel Roubini wrote) for weak businesses, households and nations. With central banks fighting inflation, governments will become more active – cementing a regime shift away from small government. History rhymes History doesn’t repeat but it rhymes.This recession will probably borrow from the stag...

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