Shamubeel Eaqub
Shamubeel Eaqub
deficit facing large reflects worrying zealand
It's a whopper. The very large and worrying deficit reflects the imbalances facing the New Zealand economy.
bank economy quickly reserve slow
The economy will slow more quickly than the Reserve Bank assumes.
confidence expect household retail spending spreading suggesting weakness year
Household confidence is very weak, suggesting household spending is vulnerable. We expect spreading weakness in retail spending as the year progresses.
business expect headline household inventory investment negative result run weak
We expect weak household consumption, business investment and inventory run down to result in a negative headline number.