Latest / The Kākā by Bernard Hickey
Willis still believes a rapid oil price fall is likely
In the news this morning from Aotearoa’s political economy around housing, climate and poverty:
* Nicola Willis is confident oil prices will drop soon and save the economic recovery the Government has relied on to get re-elected, even though experts globally are increasingly concerned the Strait of Hormuz will stay closed for many more months and cause a global recession.
* Productivity statistics published yesterday showed New Zealand’s labour productivity collapsed to barely a tenth of its long-run average in the four years after Covid. One reason is research and development investment…
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