Increased global trade barriers —like Donald Trump's tariffs— are continuing to slow down New Zealand's economic recovery. 

Infometrics is drastically reducing its GDP growth forecast from 2.6% to just 1%. 

Many economists now expect the Reserve Bank to go harder for longer with OCR cuts, despite a likely rise in inflation. 

ASB Chief Executive Vittoria Shortt told Mike Hosking many businesses don't know how they'll be affected by the global uncertainty. 

He says confidence had started to reappear but is now dampening as things start going on hold. 

LISTEN ABOVE 

Increased global trade barriers —like Donald Trump's tariffs— are continuing to slow down New Zealand's economic recovery.&nbsp;
Infometrics is drastically reducing its GDP growth forecast from 2.6% to just 1%.&nbsp;
Many economists now expect the Reserve Bank to go harder for longer with OCR cuts, despite a likely rise in inflation.&nbsp;
ASB Chief Executive Vittoria Shortt told Mike Hosking many businesses don't know how they'll be affected by the global uncertainty.&nbsp;
He says confidence had started to reappear but is now dampening as things start going on hold.&nbsp;
LISTEN ABOVE&nbsp;

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, 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

Vittoria Shortt: ASB CEO on the impact of global trade barriers on New Zealand's economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bcadd18b-cd8b-4ddf-b366-b2c10146c063/transcript