Doom and gloom is on the economic horizon.

Higher interest rates, lower spending and low population growth are all pointing towards a higher chance of recession for the first two quarters of the year.

Westpac Senior Economist Satish Ranchhod says while he thinks there won't be a recession, our growth will be soft.

He told Kate Hawkesby he's expecting a pretty weak end to the year in retail spending.

LISTEN ABOVE

Doom and gloom is on the economic horizon.
Higher interest rates, lower spending and low population growth are all pointing towards a higher chance of recession for the first two quarters of the year.
Westpac Senior Economist Satish Ranchhod says while he thinks there won't be a recession, our growth will be soft.
He told Kate Hawkesby he's expecting a pretty weak end to the year in retail spending.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.