Sharon Zollner: ANZ Chief Economist optimistic that the country can side-step stagflation
Optimism that the country can side-step stagflation.
The latest NZIER survey has business confidence at its weakest since March 2020, with 62 percent of businesses expecting economic conditions to deteriorate.
ASB Bank is warning of the possibility of stagflation, where there's high inflation and recession.
ANZ Chief Economist Sharon Zollner told Mike Hosking to have persistent stagflation, the Reserve Bank would need to lose its inflation targeting credibility.
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