There is growing evidence that the New Zealand economy is weakening, with a drop in the property market, job losses, rising mortgage costs, and inflation running ahead of wage growth. Portfolio Manager Mark Riggall talks to Heather du Plessis-Allan about the “much feared” recession, and how reported data could impact the RBNZ’s anticipated OCR decision.
Milford on Newstalk ZB: 30 March 2023
Disclaimer: Milford is an active manager with views and portfolio positions subject to change. This blog is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a guarantee of future performance.