

- consumers expecting inflation to pick up - and in some ways in important products it already has.
- unemployment expected to rise.
- economic growth pretty much non-existant.
I think we are in Stagflation territory in New Zealand, thanks to a moronic insistence on austerity to resolve a mostly external inflation problem.
They’re good* for certain parts of the economy that have a huge amount of money to throw at political campaigns I guess. Real Estate, Fisheries, Oil & Gas all got what they paid for.
*in the short term.