A former Reserve Bank economist is predicting a recession is on the horizon
A former Reserve Bank economist is predicting a recession is on the horizon
21 April 2022
Annual inflation has hit a 30-year high - at 6.9 percent.
Stats NZ's latest Consumer Price Index figures revealed today, have showed the highest increase since the year to June 1990.
Economist Michael Reddell believes it's a product of our overheated domestic economy.
He says history suggests it's rare to drive inflation down again without a period in which demand growth runs below potential.
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