The Markets

NZ shares slide on recession risk

Tuesday 17th of May 2022

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...

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