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Ardern watches in horror as Reserve Bank steers New Zealand into recession

June 23, 2022 - 14:30 -- Admin

This week’s Westpac McDermott Miller Consumer Confidence Survey recorded the lowest New Zealand consumer confidence reading in records dating back to the late 1980s. As shown in the next chart, the consumer confidence index has historically been a good leading indicator for economic growth, which suggests that New Zealand’s economy is headed for recession: This

The post Ardern watches in horror as Reserve Bank steers New Zealand into recession appeared first on MacroBusiness.

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