New Zealand Bureau Chief Jessica Maggio says New Zealand is “definitely” heading into recession and it’s “likely to happen” in the second half of next year. The Reserve Bank of New Zealand Governor has “basically admitted” to “deliberate engineering or recession,” said Ms Maggio. “To slow spending and to bring that inflation back down.”... ( read more )
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New Zealand is ‘Definitely’ Heading into Recession New Zealand is one of the most beautiful countries in the world, renowned for its stunning scenery, friendly locals and vibrant culture. However, it seems that the country is now headed for economic difficulty, with many experts predicting that NZ will soon enter into a period of recession. With the Covid-19 virus having a significant impact on the global economy, many countries have already suffered, and now i...
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