New Zealand's economy wasn't doing as well as we thought, even before war broke out in the Middle East. 

Latest Stats NZ data shows GDP rose just 0.2% in the December quarter – well under the Reserve Bank forecast of 0.5%. 

Inflation hit 3.1% in the quarter, above the central Bank's forecast of 2.7%. 

The Herald's Liam Dann told John MacDonald if the Iran conflict continues, we could be at risk of "stagflation" – a combination of high inflation and low growth seen in the 1970s. 

LISTEN ABOVE 

New Zealand's economy wasn't doing as well as we thought, even before war broke out in the Middle East.&nbsp;
Latest Stats NZ data shows GDP rose just 0.2% in the December quarter &ndash; well under the Reserve Bank forecast of 0.5%.&nbsp;
Inflation hit 3.1% in the quarter, above the central Bank's forecast of 2.7%.&nbsp;
The Herald's Liam Dann told John MacDonald if the Iran conflict continues, we could be at risk of "stagflation" &ndash; a combination of high inflation and low growth seen in the 1970s.&nbsp;
LISTEN ABOVE&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;