Gareth Kiernan: Infometrics Chief Forecaster on the economic recovery looking unconvincing
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The economy is still struggling to gain momentum.
Infometrics says a lot of the indicators suggest that economic recovery is looking unconvincing.
Chief Forecaster Gareth Kiernan says most have taken the possibility of further Official Cash Rate cuts off the table, and some are forecasting a hike.
He told Mike Hosking that things are improving, but the problem for households in particular is that you’ve been told things are going to get better, but you still have all the cost of living pressures.
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