Mike's Minute: New Zealand is consistently losing on the world stage

Best of Business · May 11, 2023 · 2m

Are our economic chickens coming home to roost?

Overnight, the Bank of England has put their cash rate up another 25 points. But they've also made what they suggest is their biggest upgrade ever.

Britain, they think, will not be going into recession.

Australia this week, which is also not going into recession, are worried their growth is only going to be 1.25 percent. Ah, to be so pessimistic about growth and to even be able to talk about growth.

As we heard in the budget, they also have a surplus.

Figures this week out of America around inflation show material falls. The producer price index…