Those economic punters selling a short sharp recession point to a strong job market, tourism and high export prices to get us through 2023. Since 2008 economists have tried to understand what happened to global inflation after Central Banks printed $25Trillion in quantitive easing to stop the Global Financial Crisis. Our low unemployment rate is being generated by the closed border, the millisecond business can get those cheaper workers in, watch the unemployment rate jump. We are at risk of stagflation, not a short sharp recession. TDB Recommends NewzEngine.comIncreasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.


Source:   New Zealand Herald
January 09, 2023 19:51 UTC