News | Business
20 May 2022 16:20
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Omicron is expected to burn a hole in consumers' pockets

    Omicron is expected to burn a hole in consumers' pockets


    The highly contagious variant is expected to lead to supply chain disruptions, as people fall ill.

    ANZ chief economist Sharon Zollner says people will choose not to go out so much and prices are expected to go up.

    She says for the Reserve Bank it's yet another negative supply shock that's going to lift inflation pressures, despite being bad for growth.

    ANZ's predicting inflation of six percent next year but Sharon Zollner says it could go higher.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     20 May: Praise for the Budget Boost for Whangarei Hospital
     20 May: The impacts of Omicron are reflected in Auckland Council's third quarter results
     20 May: Time will tell how many people will actually benefit from changes to help first home buyers
     20 May: Questions about the end game for inflation over the next few years
     19 May: The Finance Minister's leaving the door open for extending a new cost of living payment
     19 May: The Finance Minister says his Budget strikes a balance... during tough times for many Kiwis
     19 May: Not the best news for the Northern Mystics leading into the business end of the ANZ netball Premiership
     Top Stories

    RUGBY RUGBY
    Eight throwers feature in the 18-strong New Zealand athletics team named for the Birmingham Commonwealth Games More...


    BUSINESS BUSINESS
    Praise for the Budget Boost for Whangarei Hospital More...



     Today's News

    Entertainment:
    Katy Perry has heaped praise on her fiance Orlando Bloom for helping to ease her depression 16:11

    International:
    The Loop: An Aussie world record, Tom Cruise honoured at Cannes, and what to expect on the last full day of the election campaign 16:00

    Entertainment:
    Kourtney Kardashian and Travis Barker have shared the first photographs from their courthouse wedding 15:41

    Environment:
    Snow is falling far and wide across the South Island 15:30

    Entertainment:
    Bob Mackie has blasted Kim Kardashian for wearing Marilyn Monroe's iconic dress to the Met Gala 15:11

    General:
    Lisa Carrington headlines a raw looking New Zealand team at the opening Canoe Sprint World Cup getting underway in the Czech Republic tonight 14:50

    Entertainment:
    'The Sopranos' star Edie Falco is set to play Pete Davidson's mom in 'Bupkis' 14:41

    International:
    As the World Turns star Marnie Schulenburg dies aged 37, two years after breast cancer diagnosis 14:20

    Entertainment:
    Nicola Coughlan is "gonna have to" get used to filming raunchy scenes in 'Bridgerton' 14:11

    Rugby League:
    Prop Matt Lodge's Warriors career has come to an immediate end 14:10


     News Search






    Power Search


    © 2022 New Zealand City Ltd