Auckland’s Chief Economist says “It’s not all doom & gloom

Auckland’s economic outlook looks promising despite the speculation about a global recession emerging.

Auckland Council’s Chief Economist, David Norman outlines Auckland’s strong economic position and the facts that help insulate the city from risk.

Stories of impending economic doom are circulating, driven by the risk of recession in the US and Europe, and weaker growth in China, which was the unshakable nation that helped keep global economic growth above zero through the Global Financial Crisis over 10 years ago.

What does this mean for Auckland?

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