Reserve Bank plunges New Zealand into consumer-led recession

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by Boo_Randy

Heckova job, central bankers.

Independent economist Tony Alexander’s latest monthly Spending Plans Survey for New Zealand shows that a record net 27% of the near 1,000 respondents plan on cutting consumption spending over the next 3 to 6 months – a sharp turnaround from late 2021 when there was a net 17% positive:

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