The predicted recession may be biting consumers in a matter of months.
Economists have been forecasting a recession to strike the New Zealand economy in 2023, aided by rising interest rates and predictions from the Reserve Bank.
Milford Asset Management Portfolio Manager Sam Trethewey predicts the worst of the recession will hit in the back half of this year.
Sam Trethewey says many households will roll into higher interest rates and experts will be able to figure out what kind of recession is taking hold by the second half of 2023.
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