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The economy has shrunk, interest rates are on the rise, house prices down, and the cost of living soaring.
Are we in store for a recession ? Gross Domestic Product fell 0.2 percent in the March 2022 quarter, well below expectations.
Kathryn speaks with ANZ Senior Economist Miles Workman who says consumer spending is holding up for now, but when New Zealanders start closing their wallets, a recession - soft or hard - will just be a question of time.
