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14 Aug 2022 16:15
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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

    Rugby League:
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    Rugby:
    Former All Black Mike Brewer believes the Springboks underestimated the All Blacks at Ellis Park this morning 15:19

    Health & Safety:
    New Zealand has 2,618 community cases today - the lowest figures since February 14:49

    Law and Order:
    Black Caps paceman Matt Henry's been ruled out of the remainder of the West Indies tour due to a rub injury 14:49

    International:
    Donald Trump's Mar-a-Lago was a 'nightmare' environment for housing classified documents, experts say 14:19

    Politics:
    A political commentator thinks bullying in Parliament is an ongoing problem 13:49

    Rugby:
    It's unclear this afternoon whether Ian Foster will be head coach of the All Blacks when they return home to face Argentina in a fortnight in Christchurch 13:29

    Soccer:
    Former Manchester United defender Gary Neville has launched a scathing attack on the club after their latest dismal result 13:19

    International:
    For Donald Trump, the week included FBI searches, civil investigations and social media campaigns 13:09

    Living & Travel:
    Farewell Fooey: Guardian of the ABC's PNG bureau, a friend to correspondents and an enemy of stray cats 12:59


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