News | Business
11 Aug 2022 8:25
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    A warning of tough times ahead for our economy

    A warning of tough times ahead for our economy


    Business confidence is back down to March 2020 levels, with 62 percent of businesses expecting economic conditions to deteriorate

    ASB Senior Economist Mark Smith says we could start to see stagflation-like conditions.

    That means falling economic activity, rising inflation and increasing unemployment.

    Smith says the Reserve Bank will probably react by increasing the official cash rate.

    He says we will probably see a 50 basis point hike next week, and he thinks it will peak at 3.5 percent by the end of the year.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     11 Aug: Economic uncertainty is hitting our KiwiSaver balances
     10 Aug: Cigna Life Insurance has admitted misleading customers by increasing life insurance cover more than required to cover inflation
     10 Aug: A new vision for Kiwi tourism
     10 Aug: ASB bank has recorded a profit of nearly 1.5 billion dollars for the year to June, an 11 percent jump from last year
     10 Aug: Retail spending is continuing to take a hit, as fuel and food prices continue to rise
     10 Aug: A supermarket has become the latest target of a smash and grab in Auckland
     10 Aug: Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers
     Top Stories

    RUGBY RUGBY
    South Africa will start with hooker Joseph Dweba in Saturday's second Rugby Championship Test against New Zealand after Bongi Mbonambi withdrew due to a knee injury picked up in training More...


    BUSINESS BUSINESS
    Economic uncertainty is hitting our KiwiSaver balances More...



     Today's News

    Rugby:
    South Africa will start with hooker Joseph Dweba in Saturday's second Rugby Championship Test against New Zealand after Bongi Mbonambi withdrew due to a knee injury picked up in training 8:09

    Athletics:
    High jumper Hamish Kerr has finished on the podium at the Monaco Diamond League after clearing 2.25 metres, but failing three times at 2.28 7:59

    Politics:
    The Government says it's latest NCEA changes will relieve student stress during a disrupted year 7:59

    Politics:
    Students are on board with changing university terms, to get more of them into summer jobs 7:59

    Entertainment:
    Lance Armstrong has tied the knot with Anna Hansen 7:49

    Law and Order:
    Police are investigating a staff member at Auckland's Middlemore Hospital, who's been stood down over concerns about the authenticity of his qualifications 7:49

    Golf:
    Golfer Fiona Xu is struggling in the round-of-64 matchplay at the US women's amateur championships in Seattle 7:49

    Hamilton:
    A pedestrian has died after being struck by a train on the outskirts of Hamilton 7:39

    International:
    As his war with Liz Cheney heats up, Donald Trump backs a former critic to challenge her in Wyoming 7:29

    Entertainment:
    Simon Cowell says 'America's Got Talent' will be "more exciting" this season 7:19


     News Search






    Power Search


    © 2022 New Zealand City Ltd