EY models worst-case scenarios from ongoing Iran war
In a prolonged crisis to Christmas, GDP could be about $2.9b lower, with household consumption down $6.3b, it says.
EY-Parthenon NZ director Adam Naiman.
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Modelling by EY New Zealand suggests prolonged disruption and the closure of the Strait of Hormuz could put a serious dent in economic activity this year.
The analysis from May, released today, found that under a contained disruption with a sharp price increase that eases by the end of July, New
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