BERL have come out and said they disagree with the BNZ about NZ going into recession.
It reminds me of the three economists having an archery contest. The first one has an arrow hit a meter to the left of the bullseye, the second one then goes and hits a meter to the right of the bullseye and the third one yells out “Bullseye”
Less common is the different stances of the PM and Finance Minister. Helen was all “the economy is strong, no problems” while Cullen admitted NZ may have a small recession.Tags: BERL, BNZ, Helen Clark, Michael Cullen, recession