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3 Jul 2025 15:57
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  •   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.

    © 2025 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Tupou Vaa'i has been tasked with moving to the blindside flank in a new-look All Blacks pack for Saturday's first test of the year against France More...


    BUSINESS BUSINESS
    Consumer spending's continuing to pick up More...



     Today's News

    Entertainment:
    Henry Golding thinks playing James Bond would be a "nightmare" 15:36

    Rugby:
    Tupou Vaa'i has been tasked with moving to the blindside flank in a new-look All Blacks pack for Saturday's first test of the year against France 15:27

    Entertainment:
    Porsha Williams is taking a break from dating after finalising her divorce from Simon Guobadia 15:06

    Boxing:
    The Gypsy King could be on the move...back into the boxing ring 14:57

    Entertainment:
    Adult film star Kylie Paige has died aged 28 14:36

    National:
    Thumbs up: good or passive aggressive? How emojis became the most confusing kind of online language 14:17

    Health & Safety:
    Princess Catherine says cancer treatment 'like a roller-coaster' 14:17

    Accident and Emergency:
    Two people are dead, and 43 missing, after a car ferry carrying 65 passengers and crew sank overnight near Indonesia's Bali 14:07

    Entertainment:
    Tom Sandoval found it "really hard" to overcome his cheating scandal 14:06

    Rugby:
    Coach Scott Robertson is confident he's nailing a number of objectives in naming the first All Blacks side of the year 13:47


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