Businesses will have to contend with rising costs, rising interest rates and a rising Kiwi dollar. We expect the Kiwi economy to grow at a solid 4.1% over 2022. Rising interest rates and weaker real incomes also challenge the resilience of household consumption and business investment. Rising interest rates and weaker real incomes also challenge the resilience of household consumption and business investment. Cautious consolidationAfter a year of unsustainable price growth, the housing market is set for a period of consolidation.

Source: Stuff December 11, 2021 20:55 UTC