Oz Blog News Commentary

Reserve Bank gets its recession

March 17, 2023 - 14:00 -- Admin

The Reserve Bank of New Zealand’s latest Monetary Policy Statement, released late last month, explicitly forecast that the economy would go into recession, registering a “peak-to-trough decline in the level of GDP over 2023… [of] about 1 percent”: However, the Reserve Bank noted “there is considerable uncertainty about the timing”. The Reserve Bank based its

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