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Westpac 5 Year Self Funding Instalments Maturity Notice ASX 28 05 Finanznachrichten  Form

Westpac 5 Year Self Funding Instalments Maturity Notice ASX 28 05 Finanznachrichten Form

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Let's start off with the first question. Do you expect the economy to be in recession by the end of 2023? Yes or no is the first question. Pretty important question as well something we're grappling with. As I was saying the theme of our QEO this quarter is the great rebalancing and it's got a question mark at the end of it for a reason. The reality with the New Zealand economy in the last few years is it's built up some pretty significant imbalances. We can see those in a few key areas. The most obvious and high profile one is the quite high level of inflation that's really accumulated. But we've also got a very high current account deficit and an elevated fiscal deficit at a time where you might not necessarily expect there to be one given that the unemployment rate is near historic lows and the labour market is generally being quite strong. The theme that we've got there is that there is a need for the economy to rebalance so t

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