24 Apr 2014

Unions and business groups warn that the economy may stall

From Checkpoint, 5:11 pm on 24 April 2014

Some business groups and unions are warning that the economy may stall if interest rates keep rising. The Employers and Manufacturers Association in Auckland and the Council of Trade Unions argue hiking rates is not the answer, as it threatens jobs in the export sector, and chokes off spending among already indebted households.