The New Zealand Herald
New Zealanders Exercise Caution Amid Rising Inflation
In The New Zealand Herald, BCG’s Phillip Benedetti discusses the mood of New Zealand consumers and what it signals about the country’s future economy. According to a BCG survey on consumer sentiment and purchasing behavior, Kiwis harbor some of the highest levels of concern regarding inflation, despite experiencing lower inflation rates than those living in the US and Europe. Spending cuts are expected in several areas of the economy, including fashion, luxury retail, and hospitality, but Benedetti asserts that certain sectors, such as travel, will actually see an uptick.