News | Business
10 Aug 2022 19:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Optimism we can get on top of inflation without a big rise in unemployment

    Optimism we can get on top of inflation without a big rise in unemployment


    The latest NZIER survey has business confidence at its weakest since March 2020 -- with 62 percent of businesses expecting economic conditions to deteriorate.

    ASB Bank is warning of the possibility of stagflation -- where there's high inflation and recession.

    ANZ Chief Economist Sharon Zollner says the Reserve Bank is going to keep hiking until it sees people spending less money and inflation pressures coming down.

    She says it's a question of how much damage is required to be done to the housing and labour markets to achieve that -- not whether demand is going to slow.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     10 Aug: A new vision for Kiwi tourism
     10 Aug: ASB bank has recorded a profit of nearly 1.5 billion dollars for the year to June, an 11 percent jump from last year
     10 Aug: Retail spending is continuing to take a hit, as fuel and food prices continue to rise
     10 Aug: A supermarket has become the latest target of a smash and grab in Auckland
     10 Aug: Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers
     09 Aug: First home buyers can expect a market lull soon
     09 Aug: Retail card spending fell 11-million-dollars between June and July this year
     Top Stories

    RUGBY RUGBY
    All Blacks captain Sam Cane is defending his side's opening defeat to the Springboks as they prepare for the second test on Sunday morning at Ellis Park More...


    BUSINESS BUSINESS
    A new vision for Kiwi tourism More...



     Today's News

    Law and Order:
    An ongoing search for a 60-year-old man missing in the Waikanae area since yesterday 19:29

    Entertainment:
    Kylie Jenner and Travis Scott have "mastered being together" 19:19

    Cricket:
    Trent Boult still wants to play for New Zealand when he can 18:59

    Entertainment:
    Japanese fashion designer icon Issey Miyake has died aged 84 18:49

    Basketball:
    The Auckland Tuatara coach is relishing having Kirk Penney in the side 18:39

    Entertainment:
    Olivia Newton-John "didn't jump at the offer" to do 'Grease' 18:19

    Politics:
    Japanese Prime Minister Fumio Kishida reshuffles cabinet amid growing concerns over controversial Unification Church ties 18:09

    Entertainment:
    Kim Kardashian and Pete Davidson's split was a "mutual decision" 17:49

    Law and Order:
    A 17-year-old male's been arrested in connection with a number of jewellery store robberies across Waitemata 17:29

    Entertainment:
    Liam Gallagher stopped playing violin over fears he would get bullied at school 17:19


     News Search






    Power Search


    © 2022 New Zealand City Ltd