A Radio NZ article.
A delay in opening up borders and a crash in house prices are the main risks facing the New Zealand economy, an OECD report shows.
The Organisation of Economic Cooperation and Development’s (OECD) survey of the country said the economy is starting to overheat having been supported by government support measures to counter the pandemic.
But it said the free spending measures which supported wages, jobs and various parts of the economy, and the supply of cheap money through the Reserve Bank need to be reined in to counter strong inflation and rampant house prices.