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Economics
4 mins to read

Cyclone rebuild set to stretch country’s resources

‘Stark deterioration’ in economic conditions still expected for New Zealand, as OCR rate hikes bite this year.

Cyclone Gabrielle poses fresh economic challenges according to NZIER.

Cyclone-affected businesses already against the wall with rising interest rates, inflation, and labour shortages face even more pessimistic challenges, according to NZIER’s latest quarterly predictions.

Principal economist Christina Leung said January’s deluge on the upper North Island and

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Jonathan Mitchell Tue, 28 Feb 2023
Contact the Writer: jmitchell@nbr.co.nz
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Cyclone rebuild set to stretch country’s resources
Economics,
97952
true