Economy faces downturn as households pull spending
Further interest rate cuts will have minimal effect on boosting.
Fiona Rotherham Fri, 19 Jul 2019
A new economic forecast shows annual GDP growth slipping beneath 2% within the next two years as households pull back on consumption.
Infometrics chief forecaster Gareth Kiernan said a stagnating labour market and the potential for house prices to fall both threaten to drag consumer confidence
