News | Business
10 Aug 2022 6:01
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

    A warning of tough times ahead for our economy

    A warning of tough times ahead for our economy


    Business confidence is back down to March 2020 levels, with 62 percent of businesses expecting economic conditions to deteriorate

    ASB Senior Economist Mark Smith says we could start to see stagflation-like conditions.

    That means falling economic activity, rising inflation and increasing unemployment.

    Smith says the Reserve Bank will probably react by increasing the official cash rate.

    He says we will probably see a 50 basis point hike next week, and he thinks it will peak at 3.5 percent by the end of the year.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     10 Aug: Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers
     09 Aug: First home buyers can expect a market lull soon
     09 Aug: Retail card spending fell 11-million-dollars between June and July this year
     09 Aug: People are being urged to check their insurance options, as premiums continue to rise
     09 Aug: Food prices are set to keep rising
     09 Aug: A correction in the housing market is beginning to bite across New Zealand
     08 Aug: An Auckland storage locker has been auctioned off for two-hundred-thousand dollars
     Top Stories

    RUGBY RUGBY
    Richie Mo'unga has described the challenge of playing the Springboks at Ellis Park as the ultimate test More...


    BUSINESS BUSINESS
    Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers More...



     Today's News

    Business:
    Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers 5:19

    Health & Safety:
    How Olivia Newton-John's public journey with cancer created a legacy that's helped thousands 4:29

    International:
    What we know about Donald Trump's claims the FBI has raided his Florida home 4:29

    Entertainment:
    John Legend will "always feel the loss" of his son 21:49

    Law and Order:
    A bill aimed at reducing gun harm has been passed into law 21:49

    Entertainment:
    Stacey Solomon had her wedding dress designed so she wouldn't have to bother holding it up on her big day 21:19

    Entertainment:
    Hugh Grant insists he is "not that posh" 20:49

    Entertainment:
    Eddie Deezen has been found not competent to stand trial 20:19

    Entertainment:
    Khloé Kardashian is "taking her time" choosing a name for her son 19:49

    Entertainment:
    Gemma Chan says Dominic Cooper is "incredibly supportive" 19:19


     News Search






    Power Search


    © 2022 New Zealand City Ltd