The Reserve Bank has warned the economic downturn is expected to get worse before it gets better, with unemployment being expected to worsen.

The bank's biannual Financial Stability Report says unemployment will peak at 5.4 percent by 2025.

Infometrics Principal Economist Brad Olsen says there are better economic times on the horizon - but there'll be 6-9 months of pain first. 

LISTEN ABOVE

The Reserve Bank has warned the economic downturn is expected to get worse before it gets better, with unemployment being expected to worsen.
The bank's biannual Financial Stability Report says unemployment will peak at 5.4 percent by 2025.
Infometrics Principal Economist Brad Olsen says there are better economic times on the horizon - but there'll be 6-9 months of pain first.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Brad Olsen: Infometrics Principal Economist on unemployment figures being expected to grow

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fe0fa9c6-6929-4d87-bb04-b21f0074a058/transcript