Liam Dann: NZ Herald business editor on Reserve Bank chief economist warning increasing wages to counter inflation will make recession worse
Chief economist Paul Conway has issued a warning as the Reserve Bank works to curb inflation.
Paul Conway says New Zealand is at risk of a deeper recession if businesses and workers try to counter the effects of inflation through higher wages and profit margins.
NZ Herald business editor Liam Dann says if consumers keep spending, it'll get harder to keep inflation under control.
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