Is NZ talking itself into recession?

Is NZ talking itself into recession?
New Zealand might already be in recession. (Image: Getty)
Shamubeel Eaqub
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...

More Economy

RBNZ keeps rates on hold at 5.5% as expected
Economy

RBNZ keeps rates on hold at 5.5% as expected

Inflation was 4.7% in the December quarter.

Rebecca Howard 10 Apr 2024
Funding ‘crisis’ drives listed providers out of aged care
Economy

Funding ‘crisis’ drives listed providers out of aged care

The cost of delivering aged care services has “accelerated exponentially”.

Gregor Thompson 10 Apr 2024
Opal packaging to cut jobs
Economy

Opal packaging to cut jobs

The company has 715 employees across eight sites in New Zealand.

Murray Jones 09 Apr 2024
Mojo lost, NZ’s battle against gloom
Economy

Dileepa Fonseka: Mojo lost, NZ’s battle against gloom

This country seems to be setting a record for mentions of the word 'mojo'.

Dileepa Fonseka 08 Apr 2024