Farmers at Fieldays say they’re struggling with costs and a lower Fonterra forecast payout, while the International Monetary Fund warns more rate hikes may be needed. Video / NZ HeraldNew Zealand’s recession is rural, with farmers describing the state of the economy in dire terms. The International Monetary Fund was more optimistic - its assessment of our economy released this week said the slowdown was necessary, but it saw economic growth ahead. The IMF NZ mission chief explained its forecast in today’s episode of Markets with Madison above. Get investment insights from the experts on Markets with Madison every Monday and Friday on the NZ Herald.

Source: New Zealand Herald June 16, 2023 06:04 UTC