Gareth Kiernan: Infometrics Chief Forecaster expects unemployment rate to hit 4.3 percent by the end of the year

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Recorded02 Feb 2023

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An economic consultancy group says a recession is inevitable. That's despite Finance Minister Grant Robertson saying it isn't a foregone conclusion. Infometrics says while recent GDP growth was higher than expected, it probably won't continue as sectors like construction slow down. Chief Forecaster Gareth Kiernan says it will also lead to job losses. He expects the unemployment rate to hit 4.3 percent by the end of the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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