Economists are closely watching the financial flow-on effects of Cyclone Gabrielle
Economists are closely watching the financial flow-on effects of Cyclone Gabrielle
28 February 2023
Westpac's latest Economic overview suggests the Reserve Bank's efforts to curb inflation and tighten monetary policy will be felt this year -- as higher interest rates bite.
The bank's Acting Chief Economist Michael Gordon says they're still unsure about how Cyclone Gabrielle will impact the economy.
He says one difference between this event is and the Canterbury earthquakes is the hit it will have on the horticulture industry.
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