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There are fears young people will come out worse off from any upcoming recession.
\\nReserve Bank Governor Adrian Orr has confirmed the bank is deliberately engineering a recession, with plans to hike the Official Cash Rate as high as 5.5 percent.
\\nThat recession is expected to hit around the middle of next year.
\\nFormer Finance Minister Steven Joyce told Mike Hosking it will be felt particularly by young people, especially young home owners who have recently hopped on the property ladder.
\\nHe says in a wage price spiral, consumption needs to be slowed, and that usually means pushing the economy backwards.
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