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Nick Tuffley: ASB Chief Economist ahead of the new inflation data
Our economy could take a knock, with volatility in the global trade environment.
Infometrics has revised its GDP forecast for next year from 2.6% to 1.0% per annum, in anticipation of reduced exports stemming from Donald Trump's tariff policy.
The annual inflation rate is expected to have risen from 2.2% to about 2.4%.
ASB Chief Economist Nick Tuffley told Ryan Bridge they’re not too worried about a slight increase in inflation, as the domestic part of inflation should fall substantially this quarter.
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