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Showing posts with label Increasing deficit. Show all posts
Showing posts with label Increasing deficit. Show all posts

Friday, May 12, 2023

Mike Hoskinig: New Zealand is consistently losing on the world stage


Are our economic chickens coming home to roost?

Overnight, the Bank of England has put their cash rate up another 25 points. But they've also made what they suggest is their biggest upgrade ever.

Britain, they think, will not be going into recession.

Australia this week, which is also not going into recession, are worried their growth is only going to be 1.25 percent. Ah, to be so pessimistic about growth and to even be able to talk about growth.