Brad Olsen says a recession is ‘somewhat inevitable’ but hopes it’s ‘short and sharp’A leading economist says a recession is “somewhat inevitable” for the New Zealand economy. Infometrics principal economist Brad Olsen told AM on Wednesday even though unemployment is at record low levels, he thinks a recession is “somewhat inevitable”. To put it simply, the things making life so tough right now are far more likely to become vastly worse by December. Halting the speed of money flow is counter productive if Kiwis don’t have any money to start with. An explosion of crime, explosion of desperation, explosion of domestic violence, explosion of poverty and a very real threat of political terrorism in this country.

Source: Stuff June 01, 2022 05:57 UTC