Worst of the economic disruption is yet to come, ASB warns
The worst of the economic disruption has not yet arrived, New Zealand's ASB bank warns. The bank says higher fuel prices will ultimately spread through supply chains and further into consumer spending.
New Zealand's ASB bank has warned that the most difficult phase of the economic disruption has not yet arrived. The effect of higher fuel prices, it says, will spread more widely over time.
ASB says elevated fuel costs will ultimately work their way through supply chains and further into consumer spending. That transmission mechanism means it takes time for the price pressure to reach households.
The assessment highlights the New Zealand economy's vulnerability to externally driven cost shocks. The bank stresses that the path ahead will depend on the trajectory of energy prices. This article is not financial advice.
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