An economic consultancy group says a recession is inevitable.

That's despite Finance Minister Grant Robertson saying it isn't a foregone conclusion.

Infometrics says while recent GDP growth was higher than expected,  it probably won't continue as sectors like construction slow down.

Chief Forecaster Gareth Kiernan says it will also lead to job losses. 

He expects the unemployment rate to hit 4.3 percent by the end of the year.

LISTEN ABOVE

An economic consultancy group says a recession is inevitable.
That's despite Finance Minister Grant Robertson saying it isn't a foregone conclusion.
Infometrics says while recent GDP growth was higher than expected,  it probably won't continue as sectors like construction slow down.
Chief Forecaster Gareth Kiernan says it will also lead to job losses. 
He expects the unemployment rate to hit 4.3 percent by the end of the year.
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.