Inflation moderating but not yet tamed
ANALYSIS: A deep recession in New Zealand is unlikely.
This slowdown in global demand has taken pressure off commodity prices and allowed supply chains to partly normalise.
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Global economic growth has slowed more rapidly than many had anticipated this year but there may be a clear benefit: lower inflation.
After a year of unexpectedly large increases, inflation has started to surprise analysts to the downside in recent months. US inflation peaked at more than 9% in June
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