Larry Williams Drive

Central banks across the world are cooling rate hikes down, but New Zealand isn't so lucky. The US Federal Bank says they're not predicting a recession, the Bank of Canada has stopped hiking rates and the Australian Reserve Bank says they're near the end of their rate hiking cycle. Meanwhile, New Zealand's OCR is still likely to grow and economists everywhere are still predicting a recession. Independent economist Tony Alexander says it's a 50-50 call for New Zealand falling into recession this year. Tony Alexander says people will still reduce their spending and more layoffs are likely, but the return of Chinese tourists and improving net migration figures will boost the economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.