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

Economic growth shifts down a gear, but no recession: Westpac

Westpac economic outlook points to slowing economic growth and OCR peak at 4%.

Westpac acting chief economist Michael Gordon speaks with Jonathan Mitchell

The official cash rate could peak at 4% by the end of this year, with economic growth set to slow, according to Westpac’s latest economic forecasts.

The bank was expecting economic growth to be lean this year, because of pressure on consumer spending in the face of three-decade high

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Jonathan Mitchell Tue, 16 Aug 2022
Contact the Writer: jmitchell@nbr.co.nz
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Economic growth shifts down a gear, but no recession: Westpac
General Business,
95303
true