Westpac's economic overview shows we are still weathering the storm.

With high levels of inflation and consumer prices rising by 7.2 percent, households are having to squeeze their spending.

Borrowing costs are at their highest level in more than a decade, while sales are now at the lowest since the Global Financial Crisis.

And the added heat of the cyclone is pushing even more pressure on the economy.

Westpac acting chief economist Michael Gordon joined Mike Hosking.

LISTEN ABOVE

Westpac's economic overview shows we are still weathering the storm.
With high levels of inflation and consumer prices rising by 7.2 percent, households are having to squeeze their spending.
Borrowing costs are at their highest level in more than a decade, while sales are now at the lowest since the Global Financial Crisis.
And the added heat of the cyclone is pushing even more pressure on the economy.
Westpac acting chief economist Michael Gordon joined Mike Hosking.
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.