Chances of a soft economic landing get slim: Westpac
Westpac predicts 5% OCR and unemployment rising to 4.5%, in latest economic outlook.
Enjoy the hot summer, because Westpac expects next year to get financially tough.
The chances of a soft landing for the New Zealand economy are getting tighter, according to Westpac’s latest economic pulse.
It said mounting pressure on prices and wages was to blame, as persistently high inflation called for the RBNZ to act and raise the official cash rate at pace, with the need
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