NZ well-placed, but Robertson doesn't rule out recession

Rebecca Howard
Thu, 12 May 2022

NZ well-placed, but Robertson doesn't rule out recession
Low unemployment will help insulate the economy. (Image: Getty)
Rebecca Howard
Thu, 12 May 2022
Finance minister Grant Robertson acknowledged a recession is possible but said New Zealand is well-positioned should one eventuate.“The actions the Reserve Bank (RBNZ) is taking from a monetary policy point of view, with interest rates coming up, you do have the potential makings of the kind of outcomes that Stephen [Toplis] and his crew at the BNZ are forecasting,” the minister said in a response to a question at the Wellington Chamber of Commerce pre-budget breakfast on Thursday. Yesterday, BNZ published a research note entit...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.