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Economics
4 mins to read

Economy shows underlying signs of slowing, further hikes needed

Economists say economic numbers still volatile and suggest further hikes needed to cool inflation.

Infometrics principal economist Brad Olsen speaks with Jonathan Mitchell.

New Zealand’s economy bounced back in the June quarter as the open borders and easing of Covid-19 restrictions helped fuel growth.

Data from Statistics New Zealand showed the economy expanded 1.7% in the June quarter, roughly in line with RBNZ and economic forecasts.

The positive result meant New

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Contact the Writer: jmitchell@nbr.co.nz
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Economy shows underlying signs of slowing, further hikes needed
Economics,
95774
true