Podcasts Other The Mike Hosking Breakfast Kirk Hope: BusinessNZ Planning Forecast suggests the country is on track for a mild recession

Kirk Hope: BusinessNZ Planning Forecast suggests the country is on track for a mild recession

Published: March 28, 2023, 7 p.m.

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New Zealand appears to be edging closer to a recession, with some regions faster than others.

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BusinessNZ\'s latest Planning Forecast suggests the country\'s on track for a mild recession, with interest rates rising and retail sales falling.

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It says employers are still finding it difficult to fill roles due to the tight labour market.

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Chief Executive Kirk Hope told Mike Hosking while not all regions are being equally affected, the national trend is clear.

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He says regions like Canterbury are bucking the trend.

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