Catherine Beard: Business NZ Advocacy Director says economic growth is likely to be marginal

Early Edition with Ryan Bridge · Sep 26, 2023 · 3m

Business New Zealand is predicting a gloomy outlook for the economy.

It says economic growth is likely to be marginal over the next year in New Zealand.

It's also predicting global growth to be slow over the next few years.

Advocacy Director Catherine Beard says that alongside China's economic slowdown, other factors are adding to the disappointing predictions.

She says other factors like increasing oil prices and the Reserve Bank's battle with inflation will contribute.

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