Signs the economic fallout from the Iran conflict may be shorter-lived than feared.

Westpac economists are forecasting brighter outlooks for inflation, interest rates and the wider economy, as fuel price concerns ease.

They expect GDP growth to reach two percent this year, while inflation is forecast to peak this quarter before declining.

Chief Economist Kelly Eckhold told Mike Hosking the oil market has been more resilient than many expected.

He says headline inflation globally isn't rising as quickly, and the urgency central banks previously felt to raise rates is no longer there.

LISTEN ABOVE

Signs the economic fallout from the Iran conflict may be shorter-lived than feared.
Westpac economists are forecasting brighter outlooks for inflation, interest rates and the wider economy, as fuel price concerns ease.
They expect GDP growth to reach two percent this year, while inflation is forecast to peak this quarter before declining.
Chief Economist Kelly Eckhold told Mike Hosking the oil market has been more resilient than many expected.
He says headline inflation globally isn't rising as quickly, and the urgency central banks previously felt to raise rates is no longer there.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Kelly Eckhold: Westpac Chief Economists on positive economic forecasts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/670a286c-b1f5-47f1-9909-b4740151d404/transcript