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15 Aug 2022 11:59
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  •   Home > News > Business

    Optimism we can get on top of inflation without a big rise in unemployment

    Optimism we can get on top of inflation without a big rise in unemployment


    The latest NZIER survey has business confidence at its weakest since March 2020 -- with 62 percent of businesses expecting economic conditions to deteriorate.

    ASB Bank is warning of the possibility of stagflation -- where there's high inflation and recession.

    ANZ Chief Economist Sharon Zollner says the Reserve Bank is going to keep hiking until it sees people spending less money and inflation pressures coming down.

    She says it's a question of how much damage is required to be done to the housing and labour markets to achieve that -- not whether demand is going to slow.

    © 2022 Newstalk ZB, NZCity

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     Today's News

    International:
    Freya the boat-climbing walrus euthanased by Norwegian authorities 11:49

    Rugby:
    All Blacks coach Ian Foster expects to get endorsed to lead the team through to the next World Cup 11:49

    Entertainment:
    Anne Heche has died days after being involved in a fiery car crash 11:42

    Living & Travel:
    Live updates: Sydney Airport hit with delays, fears of threat to FBI after Trump raid, and a Cameron Smith penalty 11:19

    Entertainment:
    Michelle Branch has been charged with domestic violence against her husband Patrick Carney less than a day after she announced they were splitting following three years of marriage 11:12

    Environment:
    The north west of the South Island is back in the firing line, with more wild weather on the way 11:09

    Law and Order:
    A man has been arrested, after entering an Auckland gym wielding a knife, forcing gym-goers to flee for their lives 10:49

    Entertainment:
    Katie Price claims she is still with fiancé Carl Woods 10:42

    Motoring:
    Motorists are urged to take care on the roads this week, as the top of upper South Island braces for more rough weather 10:29

    Law and Order:
    Renewed concerns about safety in the Wellington region 10:19


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