New Zealand Finance Minister on Iran war: Inflation could hit 7.4% (worst case scenario)

New Zealand Finance Minister on Iran war, Treasure forecastd:

• inflation could hit 7.4% in 25/26 under worst case scenario
• real GDP growth at 0.8% in 2025–26 under worst case scenario
• forecasts unemployment at 5.7% in 2025/26 under worst case scenario of oil at $180/barrel

Adds:

• New Zealand economic recovery is delayed, not derailed
• High/y unlikely oil will hit $180

This article was written by Eamonn Sheridan at investinglive.com.