Robert MacCulloch: Macroeconomics professor on International Monetary Fund's warning NZ likely to be hit in economic turndown

The International Monetary Fund is warning New Zealand is likely to be hard-hit in a global economic down-turn.

Its 2023 outlook forecasts New Zealand will have one of the lowest GDP growth rates and one of the highest inflation rates in the Asia Pacific region in the coming years.

In their projections for GDP, NZ's current account balance is reported as -8.6 percent of GDP, worse than Greece's at -8.0 percent, in 2023.

Robert MacCulloch, the Matthew S. Abel Professor of Macroeconomics at University of Auckland joined Kerre Woodham to discuss.

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