Updated
Updated · Bloomberg · Apr 23NZ Finance Minister: Economic Recovery Delayed but Still on Track
2 articles · Updated · Bloomberg · Apr 23
- New Zealand’s Finance Minister Nicola Willis says the country’s economic recovery has been delayed by the war in Iran.
- Willis stated that Treasury and bank economists still expect the economy to grow in 2026 despite recent disruptions.
- She emphasized that the recovery is postponed, not derailed, and growth is anticipated to resume later this year.
Will New Zealand's central bank raise interest rates to fight inflation, risking an economic downturn? With global oil supplies choked, can the AI boom truly shield the world from a deep recession? As energy and food prices spike, how will the world's most vulnerable nations avoid a catastrophic debt crisis? Iran is holding the global economy hostage. What non-military options can force the strait to reopen? Is this energy crisis the final push needed to abandon fossil fuels for renewables and nuclear power? The US calls securing the strait 'not America's job.' Who will now step up to lead the global response?