TMM - News
No recession but tough times remain

Thursday 10th of August 2023
While the bank’s economists expect New Zealand will avoid a recession, they say the economy still faces an extended period of subdued growth because of tightening domestic financial conditions.
Westpac’s chief economist Kelly Eckhold says high levels of inflation are eating at household spending power, with associated large increases in borrowing costs. “In common with...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
2 min read