Oamaru - Infometrics Presentation - Chief Executive and Principal Economist - Brad Olsen
Tue 31 October 5:00pm - 7:00pm
Ink Box, Oamaru Opera House, 94 Thames Street, Oamaru
An opportunity to connect with other businesses and hear from principal economist at Infometrics, Brad Olsen.
Efforts by the Reserve Bank to tame high inflation are beginning to work, with economic activity contracting and house prices depressed as interest rates have risen rapidly. The Reserve Bank has signalled it’s done enough – for now – although the slowdown in economic activity will continue to develop over 2023. Businesses and households remain concerned, with confidence at low levels. Employment activity have been solid, but signs point towards a softening. Rapidly rising net migration has added another change in trend into the economic mix, at a time when trends are evolving at a fast pace. Infometrics Chief Executive and Principal Economist Brad Olsen will discuss how economic activity is expected to shape up toward the end of 2023 and into 2024, what the recent election result might mean for the economy, and what it all means for the Waitaki economy.