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23 May 2024 21:44
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  •   Home > News > Business

    Households will need to keep spending tight for another year yet

    Households will need to keep spending tight for another year yet


    The economy's being hit harder than anticipated - with the Infometrics data finding the annual GDP will dip briefly into the negatives mid-this year.

    Chief Forecaster Gareth Kiernan says with the 7 percent mortgage rates last year and no sign of relief anytime soon - the struggle's showing in the market.

    He reports there are more properties being listed with no buyers out there - adding to the pressure.

    © 2024 Newstalk ZB, NZCity

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     23 May: Parts of our economy are continuing to provide inflation pressures for the Reserve Bank
     22 May: Victims, families, communities – domestic violence has a price the entire nation pays for
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     Today's News

    Entertainment:
    Jim Parsons has joked he would only play Sheldon Cooper again in "another lifetime" 21:36

    Law and Order:
    A man's been arrested after a shooting at a South Auckland hotel last night 21:17

    International:
    Strong winds topple stage at political rally in northern Mexico, killing at least nine people 21:07

    Entertainment:
    Prince William has hosted his first star-studded garden party of the year in place of King Charles 21:06

    Entertainment:
    Tom Hanks says Drake and Kendrick Lamar's feud sounds like "fighting talk" 20:36

    Law and Order:
    A 16 year old boy has died in Dunedin Hospital after an altercation at a bus hub, just after three 20:27

    Entertainment:
    Colton Underwood and his husband Jordan C. Brown are going to be fathers this October 20:06

    Entertainment:
    Ryan Reynolds admitted "anything could happen" amid rumours Taylor Swift is to play Dazzler in the Marvel Cinematic Universe 19:36

    Politics:
    Benjamin Netanyahu's Strategic Affairs Minister Ron Dermer backs Peter Dutton's suggestion to sever ties with International Criminal Court over arrest warrants 19:27

    Entertainment:
    Katie Price would "love" to marry current partner JJ Slater and have more children "one day" 19:06


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