Can New Zealand handle the recession we know is coming?

The economy is widely anticipated to be 2023’s election-defining issue.   With the country forecast to enter a recessionary period, a cost of living crisis, declining house prices and a mortgage shock on the horizon, the next 12 months don’t look easy for New Zealanders.  On top of this, the distribution of wealth across Aotearoa continues to favour those who already have most. So how bad will the recession be? Will Kiwis be able to hold onto their homes and jobs? And is it perhaps time for the country to start taking the idea of a wealth tax a bit more seriously? Today, Damien is joined by ANZ chief economist Sharon Zollner and Infometrics principal economist and incoming CEO Brad Olsen, to discuss the big economic questions hanging over the nation. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Damien VenutoProducer: Shaun D WilsonExecutive Producer: Ethan SillsSee omnystudio.com/listener for privacy information.