NZ shares slide on recession risk

Economic activity is slowing in China. (Image: iStockphoto)

Tue, 17 May 2022

New Zealand shares edged lower with investors unable to shake growing concerns the global economy is headed towards a recession. The S&P/NZX 50 Index fell 20 points, or 0.2%, to 11,137.88. Turnover was $131 million.ASB economist Chris Tennent-Brown said investors have been becoming more and more risk averse as recession predictions, both at home and abroad, have grown. Tennent-Brown said several factors are threatening to give the global economy a knock. These include expectations of aggressive central bank tightenin...

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