Larry Williams Drive

Optimism from one economist, New Zealand will narrowly miss a recession. The Reserve Bank forecasts the nation will hit a period of negative GDP growth about midway through 2023. Its raised the the Official Cash Rate 75 basis points to 4.25 percent - and expects it will peak at 5.5 percent next year. But independent economist Tony Alexander says if there is a recession at all, it will be very shallow. LISTEN ABOVE  See omnystudio.com/listener for privacy information.