In his first major pre-Budget speech, Minister of Finance Grant Robertson has warned that while New Zealand exports are getting out to the world, “supply chain issues” will continue to affect the country for the rest of this year and potentially into 2022.
…this supply side scarcity has the potential to accidentally trigger inflationary pressures that see prices spiral upwards.
If interest rates are forced up, the ocean of debt can’t be serviced.
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I think the collective sense of optimism from vaccine roll outs is misplaced. Our supply chains are deeply ensconced in the developing world that still hasn’t been vaccinated and