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.
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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