Nick Tuffley: ASB Chief Economist ahead of the new inflation data
Our economy could take a knock, with volatility in the global trade environment. Infometrics has revised its GDP forecast for next year from 2.6% to 1.0% per annum, in anticipation of reduced exports stemming from Donald Trump's tariff policy. The annual inflation rate is expected to have risen from 2.2% to about 2.4%. ASB Chief Economist Nick Tuffley told Ryan Bridge they’re not too worried about a slight increase in inflation, as the domestic part of inflation should fall substantially this quarter. LISTEN ABOVE See omnystudio.com/listener for privacy information.