Latest / The Kākā by Bernard Hickey
GDP outlook slashed as fresh cost-of-living shock arrives
Briefly in the news from Aotearoa’s political economy around housing, poverty and climate on Tuesday, June 24:
* ANZ economists have slashed their June quarter GDP growth forecast to 0.1% from 0.4% after a range of leading indicators sagged in June, and just ahead of another cost-of-living shock from an oil price surge as Iran finally attacked US bases in the Gulf states overnight. See more in The Lead below the paywall fold.
* The Government hopes that higher export receipts from record high dairy and meat prices will flow through into economic growth through consumer spending and farm…
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