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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

BNZ first bank to forecast a recession

UPDATED: ANZ chief economist agrees and is calling for a halt to this year's minimum wage increase.

Mon, 09 Mar 2020

BNZ is the first major bank to forecast a recession, with a warning the impact of the Covid-19 coronavirus will shrink the economy in the first half of the year.

In a market update today, the bank’s head of research, Stephen Toplis, said a best-case scenario would see the first-quarter and

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BNZ first bank to forecast a recession
General Business,
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