NZ economy to dodge recession but faces ‘rocky’ year

NZ economy to dodge recession but faces ‘rocky’ year

A surge in fuel costs will slow growth, push up inflation and force interest rate hikes, but not a recession, Westpac says.

NZ economy ‘knocked off course’, faces another year of sub-par growth

Westpac NZ says higher living costs due to Middle East conflict to reduce spending and disposable income, weaken housing market