Gareth Kiernan: Infometrics Chief Forecaster predicts economic growth will slip below 2% in the second half of 2023

from Best of Business · host Newstalk ZB

There is belief we have a big price to pay to get inflation under control, with two years of stunted growth needed to re-balance the economy. Infometrics' latest forecasts have the Official Cash Rate being increased to 4.5 percent early next year - a full percentage point more than what was expected three months ago. It also picks economic growth will slip below two-percent in the second half of 2023. Chief Forecaster, Gareth Kiernan told Mike Hosking even by early next year, the Reserve Bank isn't going to be entirely confident it's done enough to get inflation under control. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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