The expectation that interest rate hikes will lead to a recession has been in place for several months.
The negative 4th quarter GDP, increased mortgage costs and announced layoffs have experts convinced that a recession is on the cards- or it's hit New Zealand already.
Milford Asset Management's Mark Riggall says the economy has been resilient so far, but the incoming recession is still imminent and we may not know when it will hit until after the fact.
Mark Riggall says the early signs of stress on the property market, announced job cuts and inflation running ahead of wage growth are signs the economy is getting weaker.
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